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1.9¢ navarre minerals limited

Your being too enthusiastic.No decent copper intercepts yet. No...

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Pushhi

524 Posts.

54

12/07/20

11:04

Post #: 45805415
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Originally posted by kata505: ↑

In regards to copper, and NML's ongoing drilling at Eclipse, I'd like to share with you this text below (views are not mine, but written by someone else). My take is, this can only mean higher copper prices, and more revenue for NML.
"Interesting data from S&P - its analysis of major copper discoveries has identified 224 copper deposits discovered over the 1990-2019 period, containing 1.08 billion tonnes of copper in reserves, resources and past production. But here's the kicker - of the 224 copper deposits discovered, only 16 have been found in the past 10 years and only one since 2015. S&P's conclusion is that while there is still an abundance of undeveloped discoveries, most are smaller or low-grade, with relatively few high-quality assets available for development. The bottom-line is that more discoveries are needed."

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Your being too enthusiastic.
No decent copper intercepts yet. No resource yet. No sight of a mine. Only value currently is nearology to the SVY discovery.
NML actually need to find and define some copper.
I just wish NML would define a resource somewhere, (they seem to be getting closer at Resolution), and have an asset of physical value.

NML Price at posting: 15.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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