Update on the Copperstone PFS for $MAI.V
The PFS confirms a strong foundation for the project. Report highlights the details plus the value creation opportunities that are ahead for management to execute on.
Full note here: https://t.co/pzqUcHjdWo
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@WitteWitte30@EconomicAlpha As I understand it, that was a requirement to close on the revolver. But it doesn’t change the fact that the govt inspection of CdO is right around the corner!
Reading between the lines here. What’s clear is that there is an Open Pit aspect to this project that might be getting lost in the overall PFS UG as presented. It’s no secret. They are telling you about it.
Ounces were removed from UG resources and allocated to OP. OP Maiden is a future deliverable but reading between the lines OP + UG equals an even better project and is the hidden value not yet created or quantified.
“Some resources were excluded from mine plan and not converted to reserves because they are above the existing pit-bottom elevation (~152m from surface), and may be more economical to mine via open pit methods in the future.” Direct quote from current slide deck.
Also refer to recommendations in the press release first bullet point.
Lastly the resource conversion potential of M&A as well.
Summing it all up. It’s OP and UG. Just an observation. Next steps is to quantity what the OP will look like. None of that is reflected. That is the hidden opportunity.
@icecube2000000 Incoming chair, nearing retirement but decided on coming here instead, purchases nearly half a million shares in the open market…yes, nice little confidence boost I’d say. Just add it to the list of confidence booster stacking up as of late.
M&I went up, open pit optionality, resource conversion another optionality and mitigating factor, and they paid a cool $22m for it in stock after including debt settlement. Pit wall bigger now some potential underground to open pit allocation. Near 10x NPV capex ratio at spot. $40m incremental value for every $250 move in gold. Doable at $3,500. $52m capex + 6m contingency. Looks good. Costs are lower than I even anticipated. Need to read the report when it comes out. Throughput expanding from 600 to 1,000 stpd from Year 2 onward. Here for the open pit multiple mining front Kevin Small, too. Jibberish done.
Minera Alamos Announces Positive Pre-Feasibility Study for the Copperstone Gold Project in Arizona
Read the full release here: https://t.co/RuBfs6Yxz3
$MAI.V $MAIFF
We can now quantify. Incoming Chair and Director Pylot, bought 464,686 shares, according to the Management Information Circular just released.
$MAI.V $MAIFF
BREAKING: Iran says contrary to what the US claims, the now fully leaked "Memorandum of Understanding" contains no Iranian commitments to hand over nuclear stockpiles, remove equipment, shut down nuclear facilities, or even commit to not build a nuclear bomb. Instead, all nuclear issues are deferred to a 60 day period of negotiations after signing, per Fars News.
For this period to start, the US would need to accept no nuclear commitments from Iran, agree to release $100 billion of Iranian frozen assets, lift the naval blockade, lift all oil and petrochemical sanctions during the negotiation period, pay $270 billion in war reparations, and accept Hormuz under "full permanent sovereign Iranian management and authority" at pre-war traffic levels with no US presence.