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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@BenjaminCoxSeal Zinc is not shabby, and it is 300m from the Ocean $bay. With our previous partner it could get 0% focus, but we are clearly in a Zinc/Copper area, and it is one heck of a starter operation for anything in the region..
@DanO@BenjaminCox. I'll share a few thoughts on your points/articles. 1st article. Water issues. True but what is your cost of water? Desalinated costs more than raw seawater. Both successfully used at mining operations in Chile. A processing plant (flotation) for 0.50% Cu would use up to 2.5 t of water per metric ton of ore. Then 2/3 of the Capex costs are represented by the water transportation and pumping system. But you would use part of this infrastructure to transport the slurry concentrate to the port (downslope/ mostly gravitational). A 2011 raw seawater plant for an Antofagasta mine (pipelines included) cost $2.3 billion. There are so many factors involved here from location (distance to sea, elevation, type of processing: flotation vs leaching) to grade that we cannot generalize.imo
@teevee@BenjaminCox, your article about a copper mine in the Atacama desert is interesting. I don't believe in any low grade mine unless it has a high grade zone that can be mined as a starter pit to rapidly pay back capital. THEN AND ONLY THEN can low grade deposits work, and work well, with the mine making it through the peaks and troughs of commodity price cycles.
@DanO@BenjaminCox Why is 0.1% Cu reporting to the tailings in most cases? Shouldn't be head grade & recovery dependent? If that's the case then a low grade op would not only produce a lower grade conc but will also have less Cu reporting to tails.
@ocotilloredux@BenjaminCox I am sure you are aware smelters actually recover 95-97% Zn but only pay 85%. The difference is "free metal" for the smelter. Another way they screw the miners over. #zinc~zinc
@BenjaminCox@racker mixed blessings, I think that hits two concepts, return on effort, and the chinese curse of may you live in interesting times. I am happy to have Dave who is one of the core brains behind Friedland..
@BenjaminCoxIf you want a technical update I would reach out to Tom, he is never going to chat online (not his style), but he is worth chatting with and understanding what he is focusing on. I am pretty pumped, and that is coming from a guy who does not love the exploration business. Aston $Bay could be something, and something that is material... All the work I am doing at my second job (Structured Finance for Outotec), has given me a refreshed understanding of how rare that really is. Most of the stuff I am looking at just does not cut it.