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Share Name Share Symbol Market Type Share ISIN Share Description
Castillo Copper Limited LSE:CCZ London Ordinary Share AU000000CCZ2 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.03 2.86% 1.08 1.00 1.10 1.09 1.05 1.05 21,476 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Castillo Copper Share Discussion Threads

Showing 701 to 725 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
16/7/2021
19:45
2mex - assuming that the drills represent the average distribution of the resource. The extent and shape will also be very relevant to the costing.
the diddymen
16/7/2021
14:41
On the previous campaign, a midweek 'imminent' was usually followed by news on the following Monday.

"Assays for the first three drill-holes, BO_315RC-17RC, are proximal to BO_2020_201RC-03RC"

Can't find the assays for BO_2020_201RC-03RC.........

thelung
16/7/2021
14:40
BO_318RC cumulative 45.0m

BO_319RC cumulative 16.0m

BO_320RC cumulative 1.0m

BO_321RC cumulative 14.0m

BO_315RC cumulative 12.0m

BO_316RC cumulative 24.5m

BO_317RC cumulative 20.5m

Average cumulative 19m


Take 1 square metre and apply average cumulative thickness, that's 19 cubic meters of ore.

Price of Copper is £7K per tonne. At 2%Cu that would be £141 worth of copper within each cubic meter.

So, on average, standing on 1 square metre within the zone BO_315C to BO_321C, you will have £141 x 19 = £2679 worth of copper under you.

Now the question is, how much would it cost to excavate the 100m of rock per square metre and how much to then transport the ore and then extract the metal?

Plant hire, labour, facilities, logistics, processing.

Looking at hire of a big excavator, earth mover dump truck and loader, you are into hire prices approaching £2000 per day. Then labour, facilities, logistics, processing costs on top.

2%Cu will not cut it.. and a few patches of higher grade will not be good enough.

You also have to consider that the landowner will want a nice chunk of cash and (if he agrees it can go ahead) will want the waste sorting - another hidden cost, more plant hire, labour, facilities.

So it has to be feasible. That's the reality.

2mex
16/7/2021
13:53
They will have been all over the samples with the XRF gun before dispatch for assay. Anything positive certainly has not leaked.

The %Cu will have to be a lot better than previous averages to make it worth open casting through rock down to 100m.

Maybe we will see on Monday or whatever "imminent" was meant to mean :o)

2mex
16/7/2021
09:19
Needs a lift and this should help. Surprised not nearer 3p awaiting assay results.
con90210
16/7/2021
06:54
The word 'massive' is a greatly misused term, not least by footballers and the like who tend to use it over-frequently to mean something else, like 'very important', or 'really good', for example.

And, while in reference to size, or the ammount of something, it is of course synonymous with 'huge', or 'abundant' (with particular implications to a RNS from a miner/explorer!), in this case the term 'massive' refers to the NATURE of the deposit in question, not its size.

So, while the interractions while drilling may well have been large (or not), they are referenced as being massive, ie. a consistent, homogenous mass, or, a big solid block, if you will, as opposed to being disseminated, for example, or scattered.

But, no matter how it is dressed up, or the ramifications of the recent RNS interpretted, it all seems like good news to me - without reason for the disappointing reaction to the share price...

linz22
16/7/2021
06:51
Haha it was the last name I saw before I registered on ADVFN years ago, so no links with Kenn Dodd. He was quite a character.
the diddymen
15/7/2021
20:58
Hi Diddy. If the truth be known I could not give a toss about thumbs up or down but I agree that the news appeared encouraging & the upside here could be, dare I say, massive? :-)By the way, I have family who live in Knotty Ash.
taxlosstone
15/7/2021
20:56
Exactly- copper roads and pavements by the sound of things. Not long to wait.
imjustdandy
15/7/2021
20:50
Taxlosstone I would not get too sensitive with the posts or votes on any board! The bottom line at the moment appears to be 'there is more there than we thought'. We will just have to wait for more info.
the diddymen
15/7/2021
18:34
Blimey! This is a tough board. I tried to politely clarify a misunderstanding & received a thumbs down. Just as well I did not post one of my usual offensive comments. :-)
taxlosstone
15/7/2021
12:17
Pension planner . look up the definition of Massive Sulphide Deposit and you'll see that Massive in that context, does not mean huge.
bosbus
15/7/2021
12:16
Pension planner . look up the definition of Massive Sulphide Deposit and you'll see that Massive in that context, does not mean huge.
bosbus
15/7/2021
11:33
tax loss. "very large in size, amount, or degree"
pensionplanner
15/7/2021
09:32
So this could bounce higher today or tomorrow ahead of a possible Mon rns...
con90210
15/7/2021
09:29
All samples from drill-holes BO_318-21RC are currently with the laboratory for analysis, while results from BO_315-317RC are expected to be received imminently.

IMMINENTLY - means like yesterday

imjustdandy
15/7/2021
09:28
PPUnfortunately the word massive does not indicate the amount, I believe. :-(
taxlosstone
15/7/2021
09:18
When realistically are the assay results due?
con90210
15/7/2021
09:15
I'd have been surprised to get the essay results straight away as they are subjected to vigorous tests.
pensionplanner
15/7/2021
09:06
The market expected assay results to be announced with the drilling observations. The reason for the lack of enthusiasm down under.
Https://hotcopper.com.au/asx/ccz/discussion/

eastwest101 on HotCopper:
No actual assays, no portable XRF results, no photos of washed drill chips, no cross sections or decent maps describing the reasoning for drilling these holes, but it appears that they are drilling deeper so the earlier holes may not have been long enough to test the targets properly.

noirua
15/7/2021
08:57
Noirua. Thanks for the link

Https://wcsecure.weblink.com.au/pdf/CCZ/02395701.pdf

Notice in this announcement it refers to MASSIVE copper sulphide mineralisation – chalcopyrite and chalcocite – was clearly observed

pensionplanner
15/7/2021
08:49
This is worth 9million less than Xtract but the resource is looking like it's going to be much bigger, super grades and near surface...
lottsgold
15/7/2021
08:44
34m of visible copper mineralisation is in keeping with the suspension RNS.
pensionplanner
15/7/2021
08:31
4p was the year high and that was without this giant copper find
imjustdandy
15/7/2021
08:19
Website: Https://castillocopper.com/

Analyst coverage 12 January 2021: Https://castillocopper.com/wp-content/uploads/2021/02/CCZ-SI-Capital-11.01.21.pdf

Total voting rights = total shares on issue = 1,011,938,722 =
At 2.65p a share = £26,816 402

15 July 2021: Https://wcsecure.weblink.com.au/pdf/CCZ/02395701.pdf

o All samples from drill-holes BO_318-21RC are currently with the laboratory for analysis, while results from BO_315-317RC are expected to be received imminently.

Overall, when factoring in BO_315-17RC, all seven drill-holes completed so far in the campaign have intersected visible copper mineralisation. This is an encouraging start, considering there are still a further 19 drill-holes to complete in the current program.

noirua
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