Follow Up on 1km Long Copper Discovery Hole with Chief Geologist Michael Henrichsen
InvestorSarfari Comments:
A somewhat informative update from both Henrichsen and Wallace. With financing now closed, the war chest is ready for exploration and drilling. The drill program results at Margarita and Santa Cecilia are expected shortly. Lab turnaround in Chile is at 6 weeks now.
Wallace stresses that crafting long-term relationships with the local community is of great importance at Santa Cecilia. Although a short deadline is stated, he gives no depth of detail on these social issues that need sorting out - information that would be appreciated by those who follow social-conscience guidelines when investing.
Political upheavals aside, we should expect the demand for copper to continue overwhelming supply. Even though metal prices are on the rise, the company’s focus will remain undistracted on the current portfolio, rather than new project ventures.
Henrichsen is wildly enthusiastic to manifest historical data with “boots on the ground.” The process of permits and other formalities are progressing with confidence, as the policies and politics of Chile continue to be favorable.
Higher prices and taxes are mentioned as a consequence of current inflation - implying that TORQ will be affected, like all other companies. Both guests are unusually animated, indicating perhaps more good news to surface soon.
Directly from Wallace, “a lot is going to be happening in the next 8-12 months” with Margarita, Santa Cecilia, and the not-to-be-forgotten Andrea project.