PML stock forum – Panoro Minerals Ltd. (TSXV:PML) discussion
Investor discussion of Panoro Minerals Ltd. (TSXV:PML): reactions to drill results, financings and press releases, sentiment and price targets from the OreStocks mining-stock community.
222Mt at 1.2% is a lot of contained copper for this market cap. The discount is jurisdiction and build capex, but at some point the metal in the ground gets too cheap to ignore.
The resource sits around 222Mt at 1.2% cueq and the step outs keep pushing the high grade core down plunge. Every one of those thick holes above a percent adds tonnes at a grade that actually pays for the strip. Cotabambas was always big, the real question was grade…
317.6m of 1.04% cueq at Cotabambas is a genuine tier one intercept. Over 100m grading above a percent cueq clears that bar comfortably. Peru porphyry though, so jurisdiction gets a discount.