HAV 2.78% 18.5¢ havilah resources limited

Kalkaroo Copper Strategy, page-2

  1. 3,497 Posts.
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    For those that are interested, a MiningNews.net article on Dr. Copper that also mentioned HAV in a few paragraphs (positively):

    http://www.miningnews.net/resource-...res/copper-hopes-ride-on-exploration-success/

    Extract follows:

    "Havilah, which has shown neat corporate footwork as a resources minnow in a downturn with its exploration strategy (funded by China-backed MMG since 2012) and cash-flow development plan (sharing Portia gold-mine funding risk with a Broken Hill mining contractor), has seen its shares rise 75% this year as it closes in on a A$30 million cash injection from a short-lived operation at Portia. While the project’s 355,000t at 4.7gpt – 67,000oz – is attractive at current AUD gold prices, it’s the 620,000t copper/2Moz gold resource at Havilah’s flagship Kalkaroo project, and exploration potential of an 8,000sq.km tenement package, that will shape the company’s long-term future.

    Potential copper and gold output of more than 35,000tpa and 110,000ozpa, respectively – 60,000tpa copper-equivalent – from Kalkaroo would make Havilah “a not insignificant ASX-listed Cu-Au producer”, according to a State One Stockbroking report.

    “Over $80 million (in current dollars) spent by major companies in the past [on the Curnamona ground] has led to the discovery of numerous promising prospects, many with ore-grade intersections that have not been adequately drilled,” Havilah says.

    “Probability for discovery of repetitions of Kalkaroo style copper-gold-molybdenum mineralisation are high both in the Kalkaroo north and south domes and in other domes.”

    Cheers

    These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts
    Last edited by Clark888: 05/04/16
 
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