PMY / SFR Sandfire Joint Venture.
First an article From BHP on hot copper.
https://hotcopper.com.au/resources/...g-point-for-electric-cars.86220/#.Wcn7tLKg90w
"Yes, 2017 is the revolution year we have been speaking about. And copper is the metal of the future."
The market, he said, may have underestimated the impact on copper demand of what will be a dramatic change, given fully electric vehicles require four times as much copper as cars that run on combustion engines.
Not all about lithium, That's just the batteries. What about the engines.
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So Far PMY have,
Projects in both Australia and Colombia, today’s company has interests in markets including copper and zinc, as well as gold.
Its immediate focus is on base metal opportunities in the mining-friendly jurisdiction of the Northern Territory.
World class base metal district at a project in the Northern Territory’s McArthur Basin.
Approx 2km long by 50m wide copper at 0.5% to 1.5%. Plus The cobalt credits adding up to approx 1.5% copper equivalent. Plus.
Copper
Cobalt
Lead
Zinc
Silver
Colombia
Gold Berrio
Selective grab sampling has generated the following grades:
- 42g/t Au
- 2% Cu
- 3g/t Au
- 35% Cu, 9.3% Pb and 1.12% Zn
- 1% Cu and 1,395g/t Ag
From this report,
http://www.nextsmallcap.com/asx-junior-mining-powerhouse-partnership-gears-drill-mcarthur-basin/
Drilling and trenching Results on there way from both projects. Lots to look forward to.
1.6 Million in cash, All For 5 million Market Cap at .007. Some spent on the drilling etc.
Sandfire knows what they have. They used to own the project and retain 49%.
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