'beeruce' pid='82196' datel Wrote:Still hanging in there with my 140k, but the warm and fuzzy feeling is fading...
The bad news is the PEA, which is speculative and the price of copper is less than contemplated in the PEA.
Copper Supply Woes on Show With No. 2 Mine Output to Halve
"The Deep MLZ mine lies 1,800 meters (5,900 feet) below the surface" (I thought it was interesting that Deep MLZ and Solwara are sort of the same depth, a comparison of the insane lengths people will go on land vs sea to get copper. Who wins?)
https://www.bloomberg.com/news/articles/...t-to-halve
It seems like 2019 might be a bad year for labor relations in the mining industry and maybe other social problems as locals start to object to mines. I personally think one reason PNG wants this to happen is to close down the worst mines in PNG and replace their production with offshore mines. So while rising copper prices would have been a nice back drop for Nautilus copper prices are volatile. China also seems to be serious about shutting the most polluting metal refiners, which means they will require higher grades of copper, so NUS ore/concentrate might be more valuable than just the copper % might imply which I don't think was contemplated in the PEA.
Off topic, marginally related to Nautilus, investment idea: Real Estate in Oman. Oman has historically done a brilliant job of using their backwater geography to avoid all the crazy in the surrounding area. Hurray for Oman!
'Five years ago there was nothing': inside Duqm, the city rising from the sand
https://www.theguardian.com/cities/2018/...ls-housing