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long-term investment ... curious, what's your idea of

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Revello   Tuesday, 09/15/20 01:49:06 AM
Re: Arizonabilly post# 2414
Post # of 2467 
long-term investment ... curious, what's your idea of "long-term"? 7-10 years?

Disappointed by delays after the company had progressed so well with achieving milestones. And, yet, not a single plate of copper produced after so many assurances of end-of-XX-quarter. If it isn't one thing, then it's something else as an excuse.

Compound the delay with hints of some hiccups on injection/extraction and attempts to "optimize" recoveries, and one has to wonder whether the company is encountering problems with extracting sufficient (economically feasible) copper and using the COVID-19/purported acid supply problem as a stalling tactic while it tries to achieve satisfactory sweep efficiency/recovery rates with its ISR system. Even if they get the ISR system to become economically feasible at current copper prices, what's the revised wellfield ISR operating costs and impact on expected net profit-per-pound?

Yeh, I'm worried. Guess we'll see if they own up to their last assurance that they'll be producing copper by end of this year.

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