CCZ 16.7% 0.5¢ castillo copper limited

Now is the time - Copper back to June 2018 prices - $7000 per tonne, page-62

  1. 60 Posts.
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    Many programmes in the Mt Isa region shut down in the wet season, I have been involved in such programmes myself. I have also worked on drilling programmes at Lady Annie, which is small distance away and the wet only caused 6 weeks delay. That's right we stopped drilling for 6 weeks due to rain, in a very similar spot, so March might be an outside worse case scenario. A director of CCZ also put the possibility out there recently in an interview of the wet season interrupting progress. On top of that and quite separately, there seems to be difficulties sourcing the actual rig and crew, also mentioned by Simon. I don't see the certainty in this like many others here. I have been very keen since the first mention of the supergene copper data early in the year, but the execution is problematic. If CCZ doesn't drill Mt Oxide, I don't see Broken Hill or Cangai adding the same value, for various reasons, some land use and social licence related, others geological. Maybe Zambia can fill the gap, but I feel as though most people are very keen on Mt Oxide. So the longer it takes the more sceptical people may become. All in my opinion, good luck all.
 
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