Re: Copper and Gold
in response to
by
posted on
Jul 02, 2016 12:57AM
Combining Classic Mineral Exploration with State of the Art Technology
Sorry. Posting charts via tinypics used to work quite well- but not this time apparently. Nonetheless- the charts on Kitco for Gold over 6 months from about 1060 to now over 1340, the 30 day Copper chart- from just above 2.00 to now 2.21 and the 1 year and even 5 year copper inventory levels nearing new lows all look very impressive. Throughout our long wait for funding, nearly everything is unknowable or indeterminant- who, exactly are real potential funders, who exactly are we talking to and where do those discussions stand, and what is the thinking of potential investors- and- most importantly- when are they going to invest, if at all. So it is reasurring that at least we have some knowable fundamentals to hang our hats on. Based on everything we know- from Biogeochemical Studies, to old rediscovered and revised geology, to geochemical studies, to ZTEM results- it is clear that we are sitting on huge deposits of copper, gold and other minerals. If this were not considered fact, then we all would be wasting our time and, more importantly, our money. So that is one knowable fundamental. I do not believe we need drilling to know this. However- we do, of course, need drilling to demonstrate and prove this to others. There is no monitization without it.
Secondly, it doesn't matter how much gold and copper we have, if it isn't worth enough. We hope that it can be economically and reliably accessed and mined. But that is all dependent on fickle commodity prices. So this second knowable fundamental is the commodity pricing. Thus, it is incredably important and very fortuitus that these prices appear to be consistantly rising again. This makes an economic return more feasable- and that definitely increases the likelihood of inducing investors- both large and small to invest. So at least at this juncture- we do know- something- and- everything we know happens to be very positive. As we go into this Holiday Weekend- I hope these well known very positive fundamentals will bring us finally to that point we have all been awaiting- namely- successful drilling. I hope everyone has an enjoyable Fourth- with family and friends.