Phoenix Copper Share Discussion Threads

[investorman33] 17/3/2023 12:50

Bradshaw

Time you did your own research.

The NI 43-101 compliant resource statements started being released several years ago - latest one might well be updated later this year. If you haven't found it means you have done ZERO research

And your comments should be regarded as being from someone IGNORANT about the company that they are commenting on. And from ignorance and lack of knowledge means upour posts are equally of ZERO worth.

The very definition of a troll.

[sportbilly1976] 17/3/2023 12:49

SVB filed for Chapter 11 - PMs to have a rally from here surely on US QE

[bradshaw980] 17/3/2023 12:45

No it's not leaching, as we don't know the leach method, leach time, not to mention the recoveries, because the metallurgical test work is still ongoing you compete, total and utter morons! Have a nice day!

[bradshaw980] 17/3/2023 12:40

Where is the feasibility study? And since you bell-ends think saleable copper this year, is it leaching yet? How's the ramp-up going?

[bradshaw980] 17/3/2023 12:37

Show me the NI 43-101 or JORC complaint resource estimates of this billion dollar resource please.

[investorman33] 17/3/2023 12:22

I'm glad the trolls are showing themselves

Since they have nothing to do but be negative about companies that some of them are not even investors in (as Bradshaw admitted the other day), be good if they could spend their time on companies they do invest in.

PXC already showing over US$ 1 billion of resources has real worth and like most mining companies moving from development into production it doesn't happen over night. If you want instant success invest in crypto ...... but that crypto can go down even faster than it went up and there maybe nothing of substance there.

[saltraider] 16/3/2023 18:34

Bradshaw ... not a bear, as I thought for a while ... proves himself to be no more than a very cheap troll. Filtered.

[bradshaw980] 16/3/2023 17:55

Almost as if raising money to fund development is like pure evil, just a totally abhorrent and unspeakable act. LOL. Give me the money baby, dollar dollar bills y'all.

[williamcooper104] 16/3/2023 14:03

High yield bridging loans can lead to a total dilution

[bradshaw980] 16/3/2023 14:02

Asiamet had over 25% Cu and 18% Cu in the high grade BK44 starter pit but the total was 0.6% for everything.

[juju44] 16/3/2023 13:57

We needed that long ago . They didnt get on with it and now will be more difficult and expensive

[scars] 16/3/2023 13:52

Approx 2m over 10-12.8% copper, very solid results, just need som financing news now.

[llama_investor] 16/3/2023 13:17

"remember this is a real mine producing real things"

LOL. Except it isn't producing anything, as there is no funding to get into production.

Predictable that more drilling results would be trotted out to divert attention from the failure to secure funding within the promised January / February timeline.

Given the inability to secure funding so far, the deteriorating fiscal environment means it is even less likely to be secured moving forward.

So this will remain a "real mine" producing absolutely no real things whatsoever. Uninvestable.

[investorman33] 16/3/2023 12:15

Traders with their short term need to make profits on share trading have been selling for quite a few days - although total shares traded in that period probably less than a couple of % of total shares issued.

I see share price rising a tad this morning, probably a combination of a nice RNS and that the traders have driven the share price down to a level where the upside is so plainly positive that buying rather than selling makes more sense.

For long term holders, it really doesn't matter too much. Waiting is always frustrating, but the project keeps showing its got huge potential, so continuing to hold makes absolute sense. Just looking forward to a few more RNS's !

[bradshaw980] 16/3/2023 12:12

Intercepts are one thing but the final number when booking ore reserves is another. I'd guess the total will be less than 0.5% Cu ??? What does the latest technical report state??? Lots of companies put out flashy Intercepts but the continuity sucks!

[sportbilly1976] 16/3/2023 12:05

Buying shut down - NT to 7,500 then 35p for 8k+

[investorman33] 16/3/2023 12:03

Nice RNS on the final technical drilling results.

Some of those grades just superb - the stated aim of this is primarily to ensure all our ATS testing is using a truly representative mix of all the ore types we have in the open pit - but finding these grades is truly both unforeseen and amazing.

A 12% intercept at an open pit is truly exceptional ditto a 10% and even the 1.99% is almost to die for - people need to understand that the average grade of copper being mined is 0.5% ............ so getting high multiples of the world average mined grade just knocks socks off !

BTW the previous best drilling at Empire was 8%, which was fantastic and I really didn't think that would be bettered.

It just reinforces what we should already know which is that we have a fantastic project here.

Sure lots still to do, but less than some on this Board seem to imply, and further RNS's will update us. People need to remember this is a real mine producing real things and not a crypto story where everything seems to happen instantly ...... and goes down the toilet as fast when it meets the real world (as Silicon Valley Bank shareholders found). I'm not putting out hard and fast timelines but I'd expect more interesting news in the next couple of months - but equally it could be a lot faster (sorry traders - I'm sure you can pump and dump elsewhere, so no timeline news from me !)

[silverspoon2009] 16/3/2023 11:57

This stock appears so tightly held it is nigh impossible to buy in, despite the share price rise it is still 'at best' to buy just 2500 shares.

[sportbilly1976] 16/3/2023 11:43

SP Angel morning note comment:

Phoenix Copper* (PXC LN) 32p, Mkt Cap £40m – Further results from 1,500m metallurgical drilling programme at the Empire mine, Idaho
(Phoenix holds 80% of the Empire mining property in Idaho)


• Phoenix Copper has released results from the final, seventh, eighth and ninth, holes of its 1,500m metallurgical core-drilling programme at the Empire open-pit copper project in Idaho which was completed in 2022.
• Among the results highlighted in today’s announcement are:
o An intersection of 24.38m averaging 1.99% copper, 107.4g/t silver, 247ppm molybdenum and 421ppm tungsten from a depth of 12.80m in hole KXD22-07B including an intersection of 10.97m from 21.49m depth which averaged 3.94%% copper, 214.5g/t silver and 421ppm tungsten and a 1.07m wide section averaging 12.80% copper from 25.67m; and
o An intersection of 8.84m averaging 0.73% copper. 43.1g/t silver, 100ppm molybdenum and 204ppm tungsten from a depth of 17.68m in hole KXD22-08; and
o An intersection of 8.96m averaging 0.62% copper and 0.78% zinc from a depth of 174.04m in hole KX. 43.1g/t silver, 100ppm molybdenum and 204ppm tungsten from a depth of 17.68m in hole KXD22-09, including 1.37m averaging 1.63% copper, 82.5g/t silver, 0.51% zinc and 505ppm molybdenum from a depth of 174.04
• The metallurgical programme aims to “evaluate the metallurgical variability within the Empire Open Pit while improving the understanding of the geologic and structural controls on mineralisation”;.
• The metallurgical programme will test the use of the environmentally relatively benign reagent “ammonium thiosulfate as a recovery agent for copper, gold, and silver, which may enable us to bring forward the production of gold and silver, currently scheduled as a second phase of the Empire Open Pit project”.
• Phoenix Copper explains that the drilling “results continue to confirm the continuity of mineralisation, which appears along structures striking northeast and dipping steeply to the southeast” and that it will use the “results for inclusion in updated geological models and targeting additional drilling”.
• CEO, Ryan McDermott, confirmed that all “of the core samples designated for metallurgical testing have now been shipped to the metallurgical laboratory to complete the test program”.
• He also confirmed that the latest results are “Consistent with the copper, gold, and silver values previously reported for holes KXD22-01 through KXD22-07, holes KXD22-07B, KXD22-08, and KXD22-09 continue to show robust metal values”.


Conclusion: The most recent results from Phoenix Copper’s metallurgical drilling at the Empire open-pit copper project show consistency with earlier results in the programme and help to confirm the continuity of mineralisation as well as providing additional information to refine the geological models and help define additional drill targets. We await the metallurgical test results with interest.
*SP Angel acts as nomad to Phoenix Copper

[kaos3] 16/3/2023 11:11

free stock charts from uk.advfn.com

[goldrush] 16/3/2023 10:44

Good RNS today showing the grades continue to be very good and consistent with what the Team expect. Looking forward to Red Star results (and of course matallurgical test work), which could get us all excited again as it could be a great silver province.(which many of us believe and throw high grade silver ore into the combined plant) 🤞🤞

[igbertsponk] 16/3/2023 10:42

Every company promises no dilution until the cash runs out and they've no other option. The no dilution mantra is crazy when PXC has very supportive shareholders. With each missed deadline (and they set their own deadlines to repeatedly miss) the likelihood of dilution increases.