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The Speculator

Michiquillay copper project eru

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News is that apart from the majors, BHP, Rio etc, Latingold, formly westmag, have teed up with an Aussie Mexican explorer to jointly bid for the Michiquillay project in Peru. This project has been beset by community issues but these would now appear to be receeding. Cost? well it will not be cheep, reserve now stands at:

 

544 Mt grading 0.69% copper. 0.1-0.5 gpt gold and 2-4 gpt silver, using a 0.4% cutoff. Over 40,000 metres of diamond drilling has been completed and a feasibility study exists for a 40,000 t/d operation.

 

This is based on over 36,000m of drilling.

 

Throw it out there for discussion, but what would you pay for a deposit like this???

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