Ann: Option Agreement for Joint Venture Signed, page-21

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bevter

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15/01/19

10:22

Post #: 37115875
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Originally posted by DeltaVee ↑

This is already a "mid-sized" Cu prospect that could grow to a tier 1 type thing relatively quickly if KEX $2mill drilling program really delivers (just look at the region its in) but only if enough $$ and time are thrown at it...........

VAL had their chance and royally made a good mess of it imo. They started off very well then halfway through the 'race' just sort of collapsed in a heap and needed resuscitation and life support for the most part of the last 6 months of 2018................the JV should help to re-ignite this project.

BC is already a very decent sized resource that has demonstrated 80% recoveries for the three major metals................then there is Corona and Corona West and much left to explore, I'm confident that they can grow the resource significantly. But much rests upon the met work results.

Dr Nick mentions at one point in that interview possibly putting the PFS "on the side" should the exploration program prove the system to be as "big" as some "think".............this was an interesting statement imo.

BC is a sizable resource with good upside potential...........mgt just dropped the ball completely and somehow we ended up where we currently sit...........with minimum 50% JV share going to KEX and most likely 75%..........

I work it to be approx 350,000 ton of contained copper using 0.76% and the 45.9mill ton figure so I guess you're talking CuEq @bevter??

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Yes, 25% of about $3.6B at current Cu price give or take sounds OK to me.

VAL Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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Ann: Option Agreement for Joint Venture Signed, page-21

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