Given we are apparently comparing apples to pears.
Looked into Ogx and the major attraction is risk/reward.
I certainly wouldn’t be putting a truckload into it until Adrian and Co can work some magic on it and the annmnts on where they’re going with it don’t serm to indicate any fast tracking of the issues they have atm.
The current mine requires a CIL plant for the grades to work unless those hammer mills work. Trouble is the 2018 trouble shooting annmnt seems to clearly indicate that CIL is the way to go and those arnt cheap for a mine that already has considerable debt.
Anglo ?
They r interested in the low grade high tonnage acreage that has only had trenching/surface analysis. Trouble is they state themselves that it’s not easy acreage to JORC which again means a truckload of cash needs to be thrown at drilling.
Yes they might b able to do something, I mean why else would they take on the challenge but unless they can attract large cash for any of the projects to be moved forward it’s a hard road ahead.
There may may be a chance that accessing the higher grade stuff in the Meastre section of Cascavel might pay but again the ultimate recoveries require CIL from my reading.
Anyway, nuff on Ogx.
Hows that Pb price going tonight ? . $2163.50 per ton divided by 2205 lbs/t is a tad over 98c per pound by my roughy calcs.
Every 1c on the Pb price garners an extra 16M from the sensivitivity analysis on the Abra NPV at the original 528M NPV.
This is all PRIOR to any 60:40 split or NPV update.
Quite happy to wait for these as they can’t be far away now to give more certainty on getting that bucket in the ground at Abra to start that decline. They wouldn’t have the mining management on board they have unless they were close to a start up.
Toho will also be more motivated to move if the stockpiles continue those cancelled warrants draws. Pb price/activity seems to indicate a push for more stock pile buying and if the LME hits 50Kt depending on when those warrants r to be cancelled I can’t see the Pb price going any other way except up. Still seems to be some influx tho which might suggest some mines r getting their act together OR its simply private stockpile material being dumped. Next few weeks pivotal imo.
Good luck with Ur trading Bnw. I know the pain of loss, but only via my poor investment decisions. I learn every day tho not to apportion. Too much capital to risky plays.
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