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arsenic

6,739 Posts.

179

23/03/18

12:10

Post #: 31977337
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Originally posted by arsenic ↑

I don't agree for the reasons I posted regarding their strategy CAP's interest in my previous few posts.

The thing I do agree with is: it's all very well to say they will draw ore from three satellite deposits but each is a discrete deposit to be mined so takes all that mine planning following reserve definition.

A compensating factor is if you have one deposit at 2% Cu and the rest of the ore 0.5 % . A hungry mill will accommodate a lot of the halo around the 2% Cu ore. More of the say at 1.3% Cu will make it to through mill sweetening the Productora ore (all dependent on Cu price). You can get some idea of the sharpness of cutoff in the"halo" from the type of mineralisation. (Noting that analyst isn't a geo either). I think some of that is taken up in the analyst's "guesstimate" that 10% will come form the satellites.

All my experience and training mitigates against making those type of guesstimates. I think that stuff is at a less accurate level than scoping studies.

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HCH Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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Last 78.0¢		Change 0.000(0.00%)		Mkt cap ! $115.0M

Open	High	Low	Value	Volume
79.5¢	80.5¢	78.0¢	$7.364K	9.219K

Buyers (Bids)

No.	Vol.	Price($)
4	27896	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
80.0¢	694	1

View Market Depth

No.	Vol.	Price($)
1	5873	0.755
5	13666	0.750
3	7050	0.740
1	300	0.735
2	2741	0.730

Price($)	Vol.	No.
0.770	11894	1
0.790	9410	2
0.795	6401	1
0.800	8500	1
0.805	3211	1

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