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Multi-Billion Dollar Capex, 4000m Elevation, No Power … and still Attractive? Explaining Filo Mining
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Today we went deep on Filo Mining with CEO Jamie Beck.
Filo have discovered & are advancing the Filo Del Sol copper-gold-silver project high up in the Andes.
They fly under the radar in Australia but given their scale and our lack of copper opportunities we thought they’d be worth a chat.
We grilled Jamie on all the challenges that come along with working at 4000m+ elevation, on an isolated project spread across two countries with a rumoured capex figure in the many billions.
All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
Thank you to our Podcast Partners:
Terra Capital – Specialist Investment manager in the natural resources sector
Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more
JP Search – Recruitment specialists for the financial world
K-Drill – Safe, reliable, and productive surface RC drilling
SMEC Power & Technology – Electrical specialists for the mining industry
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Timestamps:
(0:00) Preview
(1:16) Intro
(4:46) Jamie Beck on Money of Mine
(6:28) What is the relationship with the Lundin Family?
(12:10) Story of Vicuna
(14:35) How does Argentina differ from neighbouring South American countries?
(16:40) Is working in Argentina viable?
(18:33) The money outflow challenge in Argentina
(21:13) Discovery to production, will it be like other Latin American projects?
(23:13) What is an epithermal porphyry deposit?
(24:56) When is “enough enough” in terms of progressing from exploration to production?
(26:54) Drill spacings for defining porphyry deposits
(28:19) Open Pit vs Underground Caving for massive deposits
(31:25) Will the Sulphide resource stack up compared to Oyu Tolgoi, Cascabel and Wafi Golpu?
(33:33) High Arsenic levels
(39:22) Water constraints and will it need a De-Sal plant?
(43:47) We’ve seen the demerge… will we see the remerge?
(47:47) Financing options considering BHP are on the register
(52:09) Would BHP and RIO approach developing an Escondida style deposit differently in an electrification style Mining world?
(54:27) What keeps Jamie awake at night
(55:07) Jamie shares his thoughts on Money of Mine
