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As per Mini_Mar:
At least go to the original report (D&B Mining) and post the link Maz, not that it really matters...
7.65 m @ 0.81% Cu is not great and 0.9 m @ 0.16% Cu is, as they stated, essentially barren. And it's one lousy drill hole.
https://www.mrt.tas.gov.au/mrtdoc/tasxplor/download/22_8627/DBBA1_MurraysRewardProspect_EDGIRnd5_Final_Report_inc_Assays_adj.pdf
These clowns don't even have valid title to the Balfour mine area; just an exploration permit application not yet approved, no mining permit.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175131818
One piss-poor drill hole result is not helping your case Maz.
But what should be more concerning for you is they don't even have the mining rights to the Balfour area secured. Just an exploration permit application as per my previous post. The Balfour grift is starting to unravel Maz. Maybe back to Liberia??
One mine? It appears they don't have any mines.
I was curious about this 50-year mining concession right that Hiru announced on September 12. https://www.mining-technology.com/news/hiru-tasmanian-mining/?cf-view
Is this just an agreement between Hiru and Zebs + D&B Mining, or is it a grant of an actual mining lease/license from State of Tasmania?
When you go to the Government of Tasmania's current online claims repository, it doesn't show any valid mining lease/s over the Balfour mine area. Instead it shows the area is covered by an exploration claim application (EL12/2024) made by Zebs in March of 2024 still in the application stage (not yet granted). It appears that Hiru/Zebs do not yet even have valid mineral rights over the Balfour mine area. So, not even one mine. Not off to a good start, mate.
Below is a screenshot from the Tas mining claims site. The pushpin I put on the map is the location of the Balfour mines. The nearby red polygons are actual mining leases, granted to some other company for silica sand mining. Click on the polygons and you get the info.
A link to the online maps here: https://www.mrt.tas.gov.au/mrt_maps/app/list/map?bmlayer_name=Topographic&layer_names=Unavailable%20Areas,Mining%20Leases,Category%206%20Exploration%20Licences,Category%205%20Exploration%20Licences,Category%204%20Exploration%20Licences,Category%203%20Exploration%20Licences,Category%202%20Exploration%20Licences,Category%201%20Exploration%20Licences&bbox=308000.4,5427501.5,334000.4,5453501.5&srs=EPSG%3A28355
Balfour was several century-old mined out small scale copper and tin-tungsten mines. The several rounds of exploration there since BHP in the 60's were disappointing. It's now a sub-par copper exploration concept in possibly the least geologically prospective part of Tasmania that will require a decade of expensive exploration to make a potentially economic discovery, if there is in fact one there, plus another 10+ years for resource drilling, feasibility and environmental studies, design, permitting and finally mine construction and operations before realizing a ROI. Facts.
Hope you're in for the long haul...
Maybe they have something better up their sleeves that's more promising and more likely to generate nearer-term value. But I'm not seeing it. If these clowns were serious about being miners and truly have expert geological & mining advisors, they wouldn't have looked twice at Balfour and sure as shit wouldn't be calling something that lame their "flagship operation". Makes them look like amateurs. Or scammers. Facts.
With the gold price making new highs almost daily, fake gold mining beats fake copper mining hands down.
Hiru needs to revive the Liberian gold grift. What were they thinking? A century old mined out small-scale copper mine in Tasmania? C'mon.....
Southern Copper? LOL. That’s hilarious Rico.
Wake me up once Hiru has even one potentially economic copper reserve in the bag…
It takes 23 years on average from discovery to production in the copper mining world. And Hiru's not even at the discovery stage at Balfour...
They won't be mining anything for a decade or two at Balfour. There's no drill-defined reserves. No feasibility study. No environmental assessment. No mining permits. No processing plant built. No infrastructure whatsoever. These things take quite a few years to put in place.
Permitting alone can take 5-10 years in Aus. And if the environmental study reveals there's some endangered fauna on the project area, like the elusive albino Tasmanian Devil, forget about mining ever at Balfour...
I’m sorry, you and Maz are absolutely correct of course. I was thinking of the Klondike for some reason, which was largely placer gold. I stand corrected and will return to my colouring books for a week in penance.
“Pan out”. Good pun.
Copper mining at Balfour is still a long con though…
Looks like a real wiener!
All this good news, and yet the share price is down 45% or more from it's recent highs & trading volume has dropped off a cliff.
Glad I exited. I think it was the photo of the mine captain's office on the Hiru Mining website that did it for me. Who are they trying to fool???
The Motherlode was alluvial, transported gold Maz. Where it was deposited was totally unrelated to the bedrock geology below. Nothing at all like the insitu, bedrock hosted copper occurrences in Tas, which are inherently related to the bedrock geology...
May I recommend a couple of night courses in geology? Do they have a reputable geology university in Plantation Florida??
You still going on about CopperCorp Resources? Your desperation is showing Mezcal...
CopperCorp are 50-150 km away from Balfour in very, very different geology. Totally irrelevant to Hiru.
They are not a 'miner' but a broke-ass micro-junior explorer. They are struggling to pay their bills and their market cap is less than even Hiru's.
At least try Mezcal. Maybe back to the Liberian gold fable...?
People are not buying into the hippy dippy copper "mine" in Tasmania? Unsurprising, it's just too blatantly a tall tale, even for the mining-ignorant.
Wake me up once they've done 5+ years of exploration and resource drilling at Balfour and have a positive feasibility study to show for it.
Yep, a decent gold play (and not that nonsense in Liberia) would have been a far better option for many reasons, pedal to the metal gold price increases notwithstanding.
Charlie don't surf.
And Hiru don't mine....
Yeah, but at least I don't call anybody a dick or a jackoff here, here Starman. Your momma didn't teach you any manners?
Even the Hiru management I don't call childish vulgar names. Make belief mining clowns maybe, but not dicks. That ain't right.
Not to worry wee Starfish, my reputation is good, where it matters. Who cares about Liehub...
So, why are you invested in Hiru? You believe the stories? Hey, I've got some Liberian gold to sell ya. Half price. Real gold. Honest!
Clowns who wouldn't recognize a mine even if they tripped and fell down the shaft...
🤡🤡🤡🤡🤡🤡
Like them teeny tiny Vienna sausages in a can...?
I bet you do... 😂
I doubt they use Cat 785 haul trucks in your kiddies tv series. These are big boy trucks they use at real mines. 150 ton+ capacity. Maybe $3M or so new?
Hero Mining! Yeah, sure.....
Well, that might buy a couple of 10 yr old very used haul trucks (e.g. Caterpiller 785's).
You'll have to go back to the Sheik and shake him down for some more Sheik-bucks to buy a few more haul trucks, maybe a decent shovels, a dozer, loader, a couple grade-control drill rigs, blasting equipment, maybe a mine? A processing plant? What are you planning to mine???
🤡🤡🤡🤡🤡
I reckon if they changed their name to HERO and sold sandwiches loaded with bologna and your choice of bread & fixings there'd be a lot more interest in this company. Maybe even a halal bologna option for the Sheik & his bros...
A dollar per share?!!!!? 🤣😂🤣🤪
Maybe after Mir@ dumps his quarter billion or more shares, plus the several other large note holders, and they conduct a 1 for 5,000 RS. Maybe...
Who is their geologist?
Geoff Summers is not a geo. Vlad Duba? Not a geo. The Sheik? Mini-mar? Is he their geo?
You know a real exploration company would have a real geo representing the company as the designated QP (qualified person) or CP (competent person) signing off on all press releases with geological, technical information for NI43-101 or JORC compliance. But not being on the TSX, TSXV or ASX exchanges, they can skip that little regulatory inconvenience....
So, is Balfour an underground or an open-pit mining operation?
Average time from an exploration discovery to mine production for (real, not pretend) copper mines is 23 years.
It is a long and exhausting process. And Balfour doesn't even yet have a potentially economic discovery. Better get those drill rigs turning; stat!
"GOOD & NICE mining updates...??"
Yeah, that sounds professional!
LMFAO... 🤣
Reset your bids to fifteen, folks...
Early stage exploration projects. Pre-discovery.
Hence why CopperCorp is a penny stock.
Relevance to Hiru?? None….
He swings & misses! Three strikes and yer out!!
CopperCorp is a Vancouver (TSX-V) penny stock explorer with barely enough in the bank to conduct exploration drilling for another couple of months. No mining ops on CopperCorp's licenses. Decades away from becoming a mine operator, if ever...
C'mon Mezcal, you guys aren't even trying anymore. Even a non-mining person can smell there's something rotten in the state of Tasmania...
What mine, Mascara?
Balfour? There's no operating mine there. And likely won't be before 2040, if ever.
Struck out in Tas, so it's back to Liberia. No mining operation there either, but at least its marginally more believable than mining at Balfour.
Calling Vlad Duba! You're up next, mate....
This deserves to be spanked into the teens today as their storyline becomes more fanciful in their desperation to reverse the sagging share price...
Hiru Corporation (HIRU) Additional $3 to $5 Million Cash Injection Directly Into HIRU for Immediate Mining Operations
https://ca.finance.yahoo.com/news/hiru-corporation-hiru-additional-3-112700365.html
What mine? What mining operations? Balfour??
LMFAO, there's no "mining operations" at Balfour...
This thing has become a joke... 🤪🤪🤪
Anyone still listening to this JACK-OFF.
I don’t recall anyone asking for your opinion. Keep it to yourself.
"Boom"; the sound HIRU makes when the pps implodes after people learn the "Sheik" is some bloke named Larry from Plantation Florida....
Is Hiru's Balfour exploration project so lame that Mezcal has to promote another junior/penny stock explorer's exploration projects 50-150 km distant? Hardly neighbours, and completely different geological settings. Take a look at a geology map perhaps.
While CopperCorp has a fantastic land package littered with compelling IOCG and TREO exploration targets through the Mount Read volcanic belt and the Arthur Metamorphic Complex, they haven't convinced the big investors or mining companies to jump aboard and have dwindling funds left in their piggy back and their pps is down 50% yoy. However, a really nice claims portfolio, great targets, and maybe in 5-10 years they'll be onto something world-class. Maybe.
Mount Lyell (Stillwater Sibanye) is where the action is though.
Mescal should also take note that Balfour doesn't even show up on CopperCorp's numerous maps of NW Tas in their PR and corporate presentations. Balfour, unfortunately, is relatively geologically insignificant in Tas. Hence why it was easy/cheap to acquire...
💲💲💲💲 = 🧠🧠🧠 ❓️
Gotta leave y'all for a spell. Something has come up.
GLTA!
Fluff. Well you have to comply with environmental laws and engage with the local stakeholders, don't ya.
So, a PR to confirm they're going to follow the laws and regulations of exploration and development. You gots no choice, buckos...
And by the way, even rich oil Sheiks prefer to use OPM (other people's money) to fund high risk ventures, and you can't get much higher risk than early-stage mineral exploration. I can't see them forking out the $10's of millions required to properly fund exploration at Balfour, or any other early exploration play.
So who ya gonna call? Pierre Lassonde, Dave Harquail, Dave Sprott, Rick Rule and the like would not invest a penny here. Too early-days, too high risk. Ah, the plight of the junior explorer....
Strategy? I'm not playing this like an actual mineral explorer/developer, although they may turn out to become one. Long shot, though.
I've already got plenty of those, mostly highly undervalued gold pre-developers with a decent resource at good grade (grade is King, always!).
If the Sheiks were smart they would look into that sector. They could buy a pre-developer with a 2.2 million ounce resource for US$38M, i.e. https://toubaniresources.com/ , that's only US$17 per resource ounce of Au. Dirt cheap! Although their grades are weak and they're in Mali. There are better quality projects out there, but you pay more for them of course.
So for Hiru, it's buy the dips and hang on & wait & see what happens. I don't believe for one second that Balfour will ever amount to much, not sure they will even spend the big bucks required to properly drill it. For now, it's a momentum play waiting on solid PR's. There's enough back stories here that could fuel a much bigger pump than the previous run to 0.0048, and the vast majority of investors in this are not geologists, mining engineers, and don't know better...
The Lassonde curve only holds true for successful projects/exploration companies. If drilling results downgrade the possibility of a significant, economic discovery, the pps is more likely to decline….
$500K is nothing in the exploration world. That’s only 2,500 meters of drilling (at an average cost of $200/meter). An average sized deposit requires 150,000+ meters of drilling to prove up.