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Big Kahuna 101

8,659 Posts.

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17/09/20

12:58

Post #: 47417904
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Originally posted by DonnieDarko: ↑

From the Leapfrog shells and sections I have seen, using assumptions of grade and SG here is my back of the envelop calc.

Total HG 240Mt 0.5% Cu containing 750K Oz Au.
Total LG Halo 390Mt 0.15% Cu

LG + HG 630Mt at an average grade of 0.28% Cu containing 750K Oz Au.

I tend to err on the conservative side but I think for a project they haven't really done much of the work on and haven't yet paid for, it's a solid result (even if over sold). This will add to the narrative CE pushing of a developing of a Cu hub.. Grow this maiden result a bit bigger with more work and add this to Productora et al + a Northern discovery and then the whole Cu play is growing into a collective Tier 1 past 1Bt at a decent grade ~0.5%.

This may make some people whom have been pumping up the exceptions of the MRE a little sad..But we need to remember Cuerpo3 is open and will grow, we haven't got any results from the other Northern targets with B-type veining at surface.

That be my guess and I have a detailed worksheet to back it up, I am holding over 1M and intend to keep holding if the MRE comes out close to that.

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It will be interesting to see what they come up with.

They have previously talked of using a 0.2% Cu Equiv cut off so 0.15% seems low?

For the higher grade core you are also assuming only 0.1g/t Au? Seems low again based on the intersections I have seen.

Not criticizing just trying to get see what your thoughts are.

I would be dissappointed with an over all avg of 0.28%.

HCH Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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