Romero is a copper mine, right? ... will be putting out a copper concentrate, using copper-style base metal flotation processes ... it'll just happen to have a few tiny ounces of gold for every tonne of copper, so to us it's a "gold mine" ... not in action though ... it's ages since i read the PEA or tech report or whatever, this is from memory, but it really sticks in mind that it's quite thoroughly a copper mine until you get to totting up the returns from the smelter
This is a Very Good Thing for several reasons - 1. means no cyanide, which sounds scarey to the 99.9 per cent of people who don't know much about how it's used, 2. copper is up, and supply/demand trends indicate that it will be a lot more upper in the foreseeable future, 3. better security of product - bulk concentrate is less likely to be stolen, and security costs should be lower ... 4. there was another reason that came to me while driving ... gone now ... how are you doing LC ... those people are going to do alright on those options, sooner or later ... and you know, it could be sooner ... [just like i said in 2020, lol] |
