If Osp WAS "compelling" they would never have got it so cheap !

First 74 Last

Share
Profile

Follow
tangs

1,246 Posts.

88

12/01/18

12:44

Post #: 30256040
Share

Originally posted by dolcevita ↑

No. Not quite.

Unlike you I have always been acutely aware of how much cheaper it is to build a mine in Mexico. I had conservatively guessed more like $60 -100mil (than $200+ mil that would apply elsewhere like Australia.). So my veryfirst back of the envelope figures were still showing far greater profit than any of the analysts wonks like yourself were talking.

Tony which had said there is a precedent which was even cheaper than I thought. So I asked him for that source. Not the figures, which always have been far far closer to reality than you.

Then I reshowed my calculations. I already knew opex costs are going to be very cheap for Oposura, again that is logic from close to surface. And being In Mexico where labour is far cheaper. But even then those costs are about 10% of SAN Felipe which has deep deposits. Open and close to the surface in a cheap build and operating location in a valuable metal zinc, was and remains magic to my ears and my calculations were far closer to reality than your claims. You fail to get that.

Plus raising expectations that a Cu find is around the corner for Alacran increases expectations that get artificial disappointment from. All the while diverting attention from the economics of Oposura. The figures for Oposura are compelling even from my earliest calculations..

I don’t post for TUs and certainly am not a mouthpiece for Tony. I can think for myself. Sorry if I get in the way of some peoples’ trades.

Expand

If Osp WAS "compelling" they would never have got it so cheap !

AZS Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

There are more pages in this discussion • 1 more message in this thread...

First 74 Last

Add AZS (ASX) to my watchlist

If Osp WAS "compelling" they would never have got it so cheap !

Top Stories

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Banshee's historic trenches prove rich in antimony and gold for GDM