New porphyry discovery expands Hercules Metals potential
The guest discussed how Hercules Metals' new deep porphyry discovery confirms the presence of a larger copper district, though higher grades are needed for economic viability.
The argument
The recent drill hole confirmed a new porphyry system south of the Leviathan deposit, validating geophysical surveys. While the current grades at 900 meters depth are not yet economic for block cave mining, vectoring toward the potassic center could yield the higher grades needed to rerate the company.
The thesis, stress-tested
✓ What validates it
- ✓Assay results showing copper grades of 1% to 1.5% in future drill holes
- ✓Release of an official mineral resource estimate for Leviathan
▸ Risks discussed
- ▸High depth of mineralization requiring expensive block cave mining
- ▸Inadequate copper grades in future drill holes
Hear it yourself
"$400,000 to AmEx, and who own owes $1,000,000 to fund people's retirement. Okay? So Sam realizes, hey, I can't pay the entrance on my debt unless I borrow more money. Sam's insolvent. So Sam has to borrow more money. So Sam calls up AmEx and AmEx and says, hey, AmEx. I I need to borrow more money from you so I can pay the interest that I owe you on the debt that I have with you. And AmEx says, well, let let's look at your personal balance sheet here and look at your income statement. Okay. So you earn $55,000 a year."
11:30
AFFILIATE LINK · ZORTIX MAY EARN A COMMISSION · NEVER A RECOMMENDATION TO TRADE