Newmont wants the copper in the Paterson. At Minyari Dome, the ore is 0.19% copper.
Minyari Dome's current mining plan is projected to be 3Mt per annum over 7 years. 3Mt @ 0.19% copper is 5,700t.
The metallurgical testing has an 85% recovery rate for the copper, which equals 4,845t copper produced per annum.
4,845 multiplied by the current Australian copper spot price of $12,630 equals = $61,192,350 million per annum!
Multiply that by 7 years mine life, and we're talking nearly half $billion dollars of added value to the project!... that's just from the copper, which isn't included in scoping study
Newmont will takeover AZY, it's just a matter of when. I think in the exploration and discovery cycle, AZY have positioned themselves perfectly to be at the forefront of large new discoveries.
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.73M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $235.0K | 11.54M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 632259 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 2281600 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 5800000 | 0.019 |
12 | 2762111 | 0.018 |
5 | 1859800 | 0.017 |
5 | 4200000 | 0.016 |
5 | 5835690 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 2281600 | 3 |
0.022 | 2739000 | 5 |
0.023 | 1250000 | 2 |
0.024 | 1151441 | 3 |
0.025 | 2137683 | 3 |
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