Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Great DD
Great Strategy.
This is what I do now a day and it seems to work out quite well for the most part. BMXI's appears to have a great management team with a well thought out growth strategy of their own. Of course, who doesn't like GOLD!
Anticipated Filing Date
March 14th
https://backend.otcmarkets.com/otcapi/company/financial-report/212485/content
Kutcho Copper Expands High-grade Mineral Resources
Folks, this looks like the real deal. Major, Major players here. For a first time post, this may be a little too much on the technical side, but I'm anticipating that fellow Mining enthusiasts can see the vast opportunity of Kutcho. I have read through all the information I could get a hold of and I'm not seeing any red flags, just massive upside. Let me know what you think.
6:59 am ET March 4, 2019 (Globe Newswire)
Copper Corp. (TSXV: KC) (OTC: KCCFF) ("Kutcho Copper" or the "Company") is pleased to provide an updated mineral resource estimate that will be used as the basis for its upcoming Feasibility Study on its 100% owned Kutcho high grade copper-zinc project located in British Columbia ("Kutcho Project"). The mineral resource estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Bruce Davis, PhD, FAusIMM, by SIM Geological Inc. (SGI).
"We are pleased to announce an updated mineral resource estimate for the Kutcho Project that incorporates the significant work and new drilling conducted by Kutcho Copper during our first full year of ownership. The updated mineral resource includes a substantial 84% increase in inferred mineral resources compared to the 2017 resource estimate*. In addition, there remains significant exploration potential between, below and along strike from the existing mineral resources, providing further upside opportunities to grow the size of the project. This expanded mineral resource will form the foundation for the Feasibility Study, which is slated to be completed in Q2/Q3 2019", stated Vince Sorace, President & CEO of Kutcho Copper.
Kutcho Project - Estimate of Mineral Resources
Class Tonnes (000) CuEq (%) Cu (%) Zn (%) Au (g/t) Ag (g/t)
Main Deposit
Measured 5,831 2.66 1.92 2.78 0.48 28.7
Indicated 9,003 2.20 1.62 2.13 0.40 29.2
Measured 14,834 2.38 1.74 2.38 0.43 29.0
+ Indicated
Inferred 1,902 1.98 1.31 2.16 0.48 29.7
Esso Deposit
Indicated 2,425 3.98 2.52 4.76 0.81 64.0
Inferred 1,025 2.30 1.60 2.23 0.52 41.4
Sumac Deposit
Inferred 7,779 1.52 1.10 1.60 0.17 16.9
Combined - All Deposits
Measured 5,831 2.66 1.92 2.78 0.48 28.7
Indicated 11,428 2.58 1.81 2.68 0.49 36.5
Measured 17,259 2.61 1.85 2.72 0.49 33.9
+ Indicated
Inferred 10,706 1.67 1.18 1.76 0.26 21.5
-- The estimates in the table are considered to be amenable to underground extraction methods. The base case cut-off grade is 1.2% CuEq based on the formula CuEq = (Cu% x 0.825) + (Zn% x 0.302) + (Ag g/t x 0.004) + (Au g/t x 0.262). Mineral resources are not mineral reserves because the economic viability has not been demonstrated.
-- Estimate assumes Mining (underground) US $34.00/t, Processing US $18.00/t, US G&A $10/t, copper price US $3.00/lb, zinc price US $1.25/t, gold price US $1350/oz, silver price US $17.00/oz, copper payable recovery 82.5%, zinc payable recovery 72.5%, silver payable recovery 45%, gold payable recovery 40%
-- Effective date of resource estimate February 22nd, 2019
-- Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.
-- Assumptions used to derive the cut-off grades in order to meet the NI43-101 requirement for mineral resource estimates to demonstrate "reasonable prospects for eventual economic extraction". The cut-off grades to be used in the upcoming feasibility study may vary from those used to limit the mineral resources reported herein, as the inputs to that study are determined. No inference is implied in the changes to the assumptions used in the cut-off grade calculations from the prior mineral resource estimates as to what will be used in the upcoming feasibility, as those assumptions remain to be determined.
*Please see our website for the 2017 NI 43-101 Technical Report for previous mineral resource estimate details www.kutcho.ca or SEDAR www.SEDAR.com
Updated Mineral Resource Metrics
-- 38 new drill hole intersections through the Main and Esso deposits utilized to update the new mineral resource calculation (3 at Esso, 35 at Main);
-- 2018 drilling successfully delineated additional mineral resources along the down-dip edge of Main, which remains open to further expansion; and
-- Drilling defined a large contiguous body of Measured resources at Main (Figure 1).
"The definition of an updated, robust and larger resource estimate is a significant milestone for the Company", stated Rob Duncan, COO for Kutcho Copper. "Based on new drill hole data and an independent mineral resource estimation at Kutcho, we have expanded the mineral resources at Kutcho and demonstrated potential for further reserve growth in the upcoming Feasibility Study."
High Priority Near Resource Targets
Four excellent targets exist on the Kutcho project that are located between, below or along strike from existing mineral resources (Figure 1). These targets represent high probability drill areas that could result in significant accretive value to the project;
-- The Main-Sumac Gap identifies a 400 m by 380m panel between the Main and Sumac lenses that is untested by drilling. A conductive geophysical anomaly coincides with the area and is 360 m long. K003, the most eastern hole to intersect the Sumac lens and located on the western margin of the gap returned 5.12 m of 1.29% Cu, 0.49% Zn and 7 g/t Ag.
-- Open Down Dip: Significant portions of all three lenses remain open down dip outside of current resources including over 36% of Main, 50% of Esso and 100% of Sumac.
-- The Esso-West Expansion target lies 300 m west of the Esso deposit where 150m of a 1500 m long geophysical anomaly has been drill tested. Drilling returned several mineralized intercepts including 7.2 m of 2.0% Cu, 5.2% Zn and ~17 g/t Ag in hole E094B3. There remains 300 m of untested Kutcho horizon between hole E094B3 and Esso, along with an additional 1000 m of untested horizon to the west of hole E094B3. (Off western edge of map)
-- Footwall Zone (FWZ) lies beneath the Main zone and represents a stacked massive sulphide horizon that is open in all directions. The last drill hole to the east and down dip intersected 1.5 m of 3.54% Cu, 6.94% Zn, 316.9 g/t Ag and 1.47 g/t Au in hole E057.
Mineral Resource Estimation Methodology
Mineral resource estimates are generated using a total of 362 drill holes at the Main deposit, 118 drill holes at the Esso deposit, and 29 drill holes in the vicinity of the Sumac deposit. Drill holes are collared from surface and extend to depths of 700m below surface in some areas. Mineral resource estimates are derived from three-dimensional block models with nominal block sizes measuring 5 x 2.5 x 5m (LxWxH). Resource estimates were generated using drill hole sample assay results and the interpretation of geological models which relate to the spatial distribution of copper, zinc, gold and silver in the deposits. Interpolation characteristics were defined based on the geology, drill hole spacing, and geostatistical analysis of the data. The effects of potentially anomalous high-grade sample data, composited to 1 metre intervals, are controlled using both traditional top-cutting as well as limiting the distance of influence during block grade interpolation. Block grades are estimated using ordinary kriging and have been validated using a combination of visual and statistical methods to ensure they are appropriate representations of the underlying sample data. Resources in the Measured category are delineated with drill holes on a regular 25m pattern. Resources in the Indicated category are delineated with holes on a nominal 50m pattern and Inferred class resources extend to a maximum distance of 100m from a drill hole. It is assumed that the Kutcho deposits would be mined using underground extraction methods. Based on projected technical and economic parameters, the deposits form consistent zones of mineralization, above a projected base case cut-off threshold of 1.2%CuEq, that are considered to be amenable to underground mining methods.
Qualified Person
Robert Sim, P.Geo. Independent consultant to the Company and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101") has reviewed and approved the contents of this news release related to the mineral resource estimate. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to the ALS sample preparation laboratory in Whitehorse, Yukon Territory, Canada, and then transferred to ALS' laboratory in Vancouver, British Columbia, Canada for fire assay and ICP analysis. The precision and accuracy of results is tested through the systematic inclusion of standards, blanks and check assays. The mineral resource estimate referenced in this press release was prepared in November 2018 by Robert Sim, P.Geo., an independent Qualified Person as defined by NI 43-101. Kutcho's additional disclosure of a technical or scientific nature in this press release has been reviewed and approved by Mr. Rory Kutluoglu, B.Sc, P.Geo., Kutcho's Vice President of Exploration and Development, who serves as a Qualified Person under the definition of National Instrument 43-101. In the opinion of the QP, the mineral resource estimate reported herein is a reasonable representation of the mineralization found at the Kutcho project at the current level of sampling. The mineral resources were estimated in conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (November 23, 2003) and is reported in accordance with NI 43-101.
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
Vince Sorace
President & CEO, Kutcho Copper Corp.
For further information regarding Kutcho Copper Corp., please email Michael Rapsch, VP Corporate Communications at mrapsch@kutcho.ca or visit our website at www.kutcho.ca.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicates", "opportunity", "possible" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/91131221-47b9-4e78-af94-fa07e7a2259f
https://resource.globenewswire.com/media/2b2a23a2-2b56-4aa3-b489-9fa3e07d5efa/small/kutcho-logo-final-high-png.png
News !!!
I find it very interesting that all of their press releases start out with the following statement:
"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES."
I may be reaching here, but I get the impression that they are doing two things at the same time.
1) Promoting the company and its stock through the Canadian Exchange just enough to keep interest and the PPS stable.
2) While at the same time keeping this as much under the radar on the US side as possible until they grow the business and dominate the market to the point that they can no longer keep it a secret and the PPS skyrockets.
Just look at the management team. They are not going at this blindly. Do not be surprised if they buy up all their successful competition as time goes by, allowing them to go through all the trials and errors of establishing a new industry first.
Long term plan, in my opinion, is to first monopolize on the California market. California's economy of $2.7 trillion sits behind the United States, China, Japan and Germany. Thereafter, possibly making several more plays to dominate the US Market, laying out all the ground work and infrastructure, with the end result being bought out by the existing Cigarette or Alcohol Industry.
I'd be very interested to know just how many are on this board. Or more importantly, how many in the MJ sector even know about this company, their management team and what they're doing.
Thoughts?
Looks to just get better from here on out.
PDAC 2019 March 3-6 in Toronto, Canada
The World’s Premier Mineral Exploration & Mining Convention
https://www.pdac.ca/convention
I imagine ITRO's appearance at this years PDAC event would have gotten a lot of attention. Maybe next year?
Yes, feeling very optimistic about our future here compared to most other OTC's. Could be one heck of a ride going forward!
Duly noted and valid reasons to remain optimistic.
From the latest 8k
Item 8.01: Other Events
As of December 31, 2018, the Company had 15,351,272 common shares issued and outstanding, compared to 14,917,118 as of September 30, 2018, an increase of 434,154 shares.
I really like this company and all their breakthroughs, but I still can't rap my head around why they're not profitable enough after all these years to make expenses. Why do they still need to issue new shares just to keep the status quo. 434,154 in the last quarter. Don't get me wrong, I realize their new facility will cost, but lets face it, with their technology they should be nationwide, if not worldwide. At the very least, they should have been bought out by a much bigger fish by now. Mr. Whitney is getting older and I sure hope he has made the necessary legal steps to assure the company will continue on should anything happen to him.
I really want to see this company reach its full capacity, but the whole thing reminds me of my Father. He is a brainiac, always coming up with something new, but doesn't have the sales and marketing capacity to launch and will not allow anyone more capable in sales and marketing to take charge. Great ideas do not equal great sales. R & D is all well and fine, but the employees and shareholders really deserve better at this point in the game. Just keeping it real. IMHO
Great to have you here. Someone who can explain the finer details. Thanx
Yup, I continue to buy on the dips. Getting very close to my bid. :)
Are you saying ITRO did a reverse stock split some years back?
Gold is on the move!
Looking Good!
A Press Release has posted every month for the past five months in a row. Let's see what February brings us. I'm optimistic.
I was referring to the IHUB GRLF homepage, right here, above all the messages. I couldn't find anything anywhere, so I thought I'd ask the friendly folks here where that originated from. Obviously I've made a terrible mistake in thinking that you bright folks would more than welcome some new interest. I will take your advice and move on.
So, does anyone know when this was posted on the Home page?
WELCOME TO THE GREEN LEAF INNOVATIONS PAGE. THIS IS A MJ STOCK UNDER NEW OWNERSHIP.
Awaiting news from new CEO regarding direction of this company.
Prior ownership started a MJ social media and a MJ accessories retailer.
Slow and Steady wins the race! Overall held up very well on light volume and on a down day in the major markets. Wish I had picked up more at .0045 of course when its at .10 ill be saying I wish I had picked up more at .009
I agree as well. Of course none of this factors in the massive surge in Commodity prices that are coming down the road. Looking Good!
.0002's today on low volume. Thinking something is in the works here? We shall see.
I agree. Price seems to be dropping on relatively low volume versus large volume. So, it doesn't appear to be diluting. This is a classic example of why it's important to uplist. I've seen real companies get beat up pretty bad on the pinks. There is virtually no oversight or controls. This really is the Wild Wild West in the Trading World. Lots and lots of manipulation. I've seen this kind of action before when a Pink announces plans to uplist. The price is deliberately manipulated by MM, because they know that PPS needs to be .01 or better to uplist. They'll drive the price down, buy what they can and then let'er fly. I will continue to average down. This is actually playing out very well for those who are getting in at these prices. We should do much better on the OTCBB. IMO
"Whitney says other businesses, and even the government of China, have tried to replicate his processes, to no avail."
You would think ITRO would be making billions in license fees alone at this point? Lots of great ideas in this world, but sales are where the rubber meets the road. Development and research are a great necessity, but proven processes and final products mean nothing without a well established sales and marketing team. The State of Nevada, or at least a small portion of it might be benefiting, but Years are turning into Decades without the World and the Shareholders benefiting. It's time to bring in the Big Guns before this gets away and someone else steals the processes. IMO
Added more today as well. Looks to be getting wound up real tight.
Great DD. Now we shall have to wait and see what becomes of it.
Thanks for the DD
Checks and Balances
Absolutely!
This is exactly the kind of company to invest in, when the PPS is lower than the companies assets. In theory, someone could buy all the shares at the present PPS, own the company outright, be instantly 1.5 Million richer and look forward to millions in future profits.
Has anyone else looked at our management? Not only are they all very qualified, but they obviously have a long term plan that get this, is working. No big hoopla and fan fair, just successfully forging forward and reporting on results. Definitely not your average stinky pinky. This will do much better on OTCBB. IMO Looking forward to uplisting. In the mean time, I'll be buying more in the morning at these prices.
My Concerns as Well.
I've been following this company for about ten years. Of all the companies I've bought and sold, this one stands above all the rest as far as potential earnings. The problem as I see it is Dr. Whitney is a genius, but genius doesn't always equate to financial success. With as much unbelievable technological breakthroughs that he has made and with his aging, the time has come to bring his technologies and more importantly his production and sales to worldwide distribution levels. Properly marketed, ITRO could be and should now be worth Billions. I sure hope he can see the bigger picture that NOW is the time to bring in the big guns and take the company to the levels it should be after 20+ years in business. If and only if this happens will he, all his employees, stockholders and the World fully benefit from all of his efforts. Otherwise, with his passing, so may his technologies. Think Shark Tank?
Great Post!
Check this out!!!
Something appears to be in the works. Volume has been increasing, so I did a search and found the following:
https://dockets.justia.com/docket/new-york/nysdce/1:2018cv10823/505070
Also found this link about the plaintiff:
http://www.thinkpinkllc.com/ThinkPink/Principals.aspx
Maybe a takeover in the works via settlement?
Thoughts?
Yes, I believe that is very reasonable, especially with institution investor interest after Uplisting. Who knows where this will end up if their profits continue to grow and the price of Gold should take off. Just a matter of time. IMO
Uplisting will help as well!
Yah, only 70M Low Float
As per Twitter: "We would like to inform the market that our current Share Structure remains 213,115,567 O/S with 70,650,887 free trading shares in the float."
Long Term looks really good here. At the present PPS management could actually buy the entire float with current profits and still have $2+ Million in the bank! Very unusual Pink here. Looking forward to fins and up listing.
I'm here for the Party too!!
As Pinks go, this one appears to be way too factual, productive and boring for most. This fish is out of water and will be better received up listed. Glad I found this one when I did. Looking forward to the long term ride and just think where we will be when the chit hits the fan and Gold really takes off. Sweet!
Music to my ears.
I agree. This is one of the better risk to reward triple zero plays IMO. Revs in the works. Should get more interesting throughout the year!
These Revenues = Buyout IMO
It's worth the risk for the reward!