Phoenix Copper Share Discussion Threads

[sportbilly1976] 12/7/2023 11:21

NT at 24p, yet no MM moving...

[bigboyblue] 12/7/2023 10:50

Normally he's pretty good at replying. RNS imminent perhaps?

[deuchar] 12/7/2023 08:23

Good morning Donald Pond any news on the drilling of Navarre Creek?

[klondykejohn] 12/7/2023 08:05

Hi trader465, are you getting bored with AYM bulletin board?
All doom and gloom over there, and rightly so,

[klondykejohn] 12/7/2023 08:02

With the £/$ rate closing in on $1.30, the recent cost figures to go into production of $100m means that we now only need to find circa £75m in bonds. Much better than the $1.10 rate seen at the end of last year.
Good news if we are sourcing finance from the UK.
Other than the bond raise, do we have any substantive company news in the offing?

[trader465] 12/7/2023 07:54

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[purpleinvestor] 12/7/2023 07:31

Some of the posts become so hard to follow and understand in English that you would think they would be better off relaying their message in morse code.

[kaos3] 11/7/2023 16:51

as i see it - we have an economic battle going on.... who will get the value ... shareholder or a lender.... and to what degree

to make it simple ... we can make lender compete by bringing in another and another lender/s/ ... and so weaken his position

whereas

lenders have not so much choice about choosing and getting competing shareholders /projects/... because this one is kind of unique in many aspects ... above all permitting/jurisdictions/geostrategic location

i hope our esteem leaders that we all love and respect are well aware of their strong position and are good poker players and good merchants and bluffers

not time to be romantic enthusiast...and an old school rules player

we should have been over A to B ... towards G by now.... if they are doing their job as i see fit... and no commitments signed to limit self from options

taking the latest finances smells to me like limiting selfs ... and the A must only wait to get his cut

--------------------------
so i am interested what commitments did they sign with the talk to parties and where in the alphabet are they

[stefan178] 10/7/2023 18:39

Interesting article on Bullionvault weekly review on Copper and other metals.

[deuchar] 07/7/2023 09:09

Any luck DP?

[deuchar] 06/7/2023 11:50

Thank you Donald I do believe that a successful drill would transform our company

[donald pond] 06/7/2023 11:38

Deuchar,I'll see what I can find out and revert

[deuchar] 06/7/2023 10:42

Does anybody know if drilling has commenced in Navarre Creek?

[sportbilly1976] 03/7/2023 15:19

Just 1000 shares then NT at 23p

edit: nada at 23p now

[bigboyblue] 02/7/2023 08:35

For goodness sake, of course it's ARE. The verb 'are' relates to the plural noun 'calculations'. I wouldn't normally quibble about such a minor matter, but if you are going to, at least get it right.

[haut brion 58] 01/7/2023 22:55

You also slipped up on your grammar. "My maths IS still the same."

[klondykejohn] 01/7/2023 22:33

Meanreverter, DP stated A 3% improvement in recovery, my slip of the pen, but my maths calculations are still the same.

[donald pond] 01/7/2023 15:00

Part of the reason why this has taken so long is that it took more or less a year to drill and analyse enough of the deposit to know that we were using representative samples. When the results come through they will reflect both the make up of the deposit and the need for large scale production. It will be a final, optimised recommendation. We will be as confident as we can be that it will work, at scale, for Empire. I hope thats clear enough!
meanreverter: bonus points for close reading, you should be a lawyer.

[bradshaw980] 01/7/2023 13:43

Hopefully there's fairly consistent mineralogy throughout the deposit

[klondykejohn] 01/7/2023 12:07

My only concern at this point DP is that conducting experiments in the lab may not lend itself to large scale production.
I am presuming therefore that all this analytical work is being conducted using pilot plant, capable of reproducting main stream production flows and of course similar yield results.
I also believe that your maths dont quite stack up.
Maybe your sentence needs reviewing.
A 3% cost saving makes a $2.1 cost saving if the original cost to manufacture is $70
this means that the new cost id $67.9, giving $32.1 profit.
Still very close to your 50% though, but point taken. Huge profit potential

[donald pond] 01/7/2023 09:46

An update on things.At the moment we have announced that the preliminary results for ATS are very promising. The lab is now looking at optimising the process to see what is the best way of extracting the metals. That word "best" does a lot of work: we are looking at 3 metals, we can vary the quantity, type and strength of reagents, use different types and sizes of tanks, different temperatures and grind size etc. All will produce different outcomes at a different cost. What is best for one metal might not be best for another. The process that has the highest upfront capital cost may have the lowest operational cost. The important thing is that we get it right. Every improvement in recovery will fall to the bottom line. If, for example, it costs $70 to produce metals currently selling for $100, then a 3% improvement in recovery would increase our profit from $30 to $33. If we can then find a $3 cost saving, we are spending 67 and making 33, so our margin has risen from near 40% to near 50%. That's a huge simplification but you get the point: getting it right now yields huge benefits later and they fall to the bottom line. That is also the best way to hedge commodity and cost volatility.We have an extremely skilled and experienced metallurgist looking at our entire process and he is currently - here's the key word - OPTIMISING it prior to making his final recommendation. I don't have a precise timescale. It isn't imminent but it is soon. And when it arrives it will include quantitative data that we will share via RNS. There is no point revisiting the preliminary announcement because we know from the optimisation work going on that has already been superseded. And any recovery figure would be misleading: you can always increase the amount you recover by leaving it in the tank for longer, or increasing the strength of reagents etc.What matters is the percentage you recover using the optimal process that balances recovery, cost and time. The final report is going to set out a clear approach to bringing Empire into production in the most financially robust and environmentally sustainable way, and then it will be full steam ahead. We will announce data then.Of course we need funding. That goes without saying. But chatting to Ryan has been an education for me. Like most PIs I perhaps focus too much on headline grades. They are important: you cannot produce copper if you don't have it in the first place. But metallurgy and operational efficiency are even more important: they dictate what you produce and at what cost. For investors it is boring: work in a lab that takes many months without any output that can meaningfully be shares with investors. But it is the stage where a dream becomes a concrete plan. Or, to use the phrase Ed Conway uses in his book, where the ethereal world becomes the material world. We are coming to the end of that process. And we will update fully when we have that final plan.

[klondykejohn] 01/7/2023 08:23

It might be a cheaper alternative to crush and mill the rock at source then slurrify the finings and gravity feed the slurry to the main processing plant further down the mountain using a pumping station. The slurry then being deposited into the agitation and settling tanks for mineral extraction.
My only concerns would be the Ph,temperature and ATS concentrations used to react with cupric ionisation to release the various metallic elements beyond this point.
No doubt these are some of the considerations that PXC have ben analysing in the labs over the last few months.