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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.
@BenjaminCox@RocketRed because I already own a lot of it, more then most CEO's, Tom is buying, and we have probably some of the highest insider ownership of any company that is 5 years from IPO, but if you want to troll, keep on doing it, but please do some research first :-). Mini Ice ages, and no intercepts, plus no insider buying are Trump style alternative facts..
@BrandonIt's unfair to expect @BenjaminCox and other CEOs to concentrate their risk so much. We all are buying what we're selling, trust me, but we have our limits. It's not sensible to complete de-diversify like that, and you shouldn't trust a CEO that concentrates their risk like that. Everyone has their limits.
@Brandonwell exactly, so be careful demanding that @BenjaminCox and other CEOs (like me) put all our eggs in our basket. Trust me, I believe in my basket, and we know @BenjaminCox believes in his (he certainly won't stop talking about it), but we all have limits to acceptable risk concentration.
@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