Definitely NOT priced in IMO, the price reaction is very odd to say the least. Copper price holding up really well. Massive future increase in production & long-term production, EBITDA levels therefore should IMO have some v. material upsides once built etc etc....DYOR...and there are other "good news" areas we wait to hear on.... |
Current copper output in 2023 was 51.7 ktpa ( )
‘Touro …… Copper production is expected to average approximately 30 ktpa over a mine life of around 15 years’
I make that 58% increase |
LMAO the social media people must read this board .they just announced the news about Touro on Xitter. |
If you want the detail |
Priced in. Hardly. It doubles the resource size at low cost. The eco lunes will be doing their nuts! |
It's been a poor response pricewise. Perhaps it was already in the price. |
Excellent news. Construction next year? |
ATYM social media is so useless, it's only about virtue signalling. |
Massive congratulations to Alberto & Team for the deserved outcome after years of demonstrating dogged determination.
Should be a game changer for our scale of operations & Cu reserves. |
Great, so thanks to whoever posted the link above as 4 hours of trading to get a few more in....
this IMO is massive news, what the company has been waiting for. Should easily be able to get financing as well & copper price holding up well.
DYOR |
 Atalaya Mining Plc.
("Atalaya" or "the Company")
Touro Awarded Strategic Industrial Project Status
Project to be eligible for simplified and fast tracked permitting process
Atalaya Mining Plc (LSE: ATYM) is pleased to announce that Proyecto Touro has been declared a strategic industrial project by the Council of the Xunta de Galicia ("XdG").
Under legislation of the Autonomous Community of Galicia, the status of strategic industrial project (or in Spanish, proyecto industrial estratégico ("PIE")) acts to simplify the administrative procedures associated with the development of industrial projects and intends to substantially reduce permitting timelines.
Proyecto Touro has been designed to be a benchmark in sustainable mining in Europe and a milestone for Galician industry. Copper production is expected to average approximately 30 ktpa over a mine life of around 15 years. As a result of the project's location in a region with high quality infrastructure, capital intensity is expected to be very competitive compared to most development projects globally.
Alberto Lavandeira, CEO, commented:
"We are very pleased to see that Proyecto Touro has been declared a strategic industrial project by the Xunta de Galicia. This declaration highlights the Xunta's commitment to promoting new investment and fostering innovation. Atalaya has worked diligently in the optimisation of Proyecto Touro to design a modern and sustainable mining project.
Copper is critical for supporting the energy transition and we are confident that the development of Touro will benefit the people of Galicia and also become a new source of European copper production.
Atalaya looks forward to working with the Xunta de Galicia and key stakeholders in the region to advance this important project." |
An exceptional resource. Not sure link above works. Report will be somewhere. |
waterloo01 - 25 Feb 2017 - 10:01:50 - 5722 of 17508
Lundin didn't go ahead because it didn't look economic but times do change (as has the buying price).
The copper-gold mineralization is hosted within a generally shallow dipping layered succession of metamorphic rocks, the mineralized layers commonly ranging between 10 metres and 60 metres thick and known to exist close to surface over several square kilometres across the Touro property. |
AGM Thursday. A sunny day out in London. |
Picked up a few extra ones. |
Nice opportunity to tuck in again...DYOR |
Maybe, but surely that is v. big news, so false market first thing? DYOR |
It seems to me that in situations like this the local press almost always break the news first and then it becomes official and an RNS follows few days later...let's see. |
That is good news, glad I have stocked up recently!! DYOR |
getting there....Such a sweet resource. Sheets of copper near surface! |
Big news guys. Tomorrow Touro will be announced as a strategic project - at last!! https://www.galiciapress.es/texto-diario/amp/4886863/xunta-espera-tener-principios-2025-informe-impacto-ambiental-sobre-instalacion-altri-palas |
Bought 8 000 yesterday at 4.03...
Surely weve seen the bottom here...
£5 by year end...£10 within 3 years... |
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