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Enrico Gay & Joao Rocha of Algo Grande Copper talks to Robert Sinn | Metals Investor Forum Sept.2026

Metals Investor Forum Sep 25, 2026 10:25

Summary

Algo Grande frames the Cerro Grande Skarn — a copper-bearing contact zone — with over 50 million ton upside along the Sonora-Arizona Porphyry Belt.

Phase Two Hole 3 widened the skarn from a 300 by 50 meter zone to roughly 600 meters prospectable; assays expected in 2-3 weeks.

Two rigs work the skarn in opposite directions — Hole 6 stepping south, Hole 7 stepping north — along a seven-kilometer limestone corridor.

CEO Gay defends raising without warrants as a way to attract longer-horizon capital and avoid warrant-overhang dilution in early-stage juniors.

The recent C$4.8 million financing closed oversubscribed, including the Quaternary Group alongside legacy shareholders at the February 2026 valuation.

Enrico Gay's takeaways

  • Top takeaway Enrico (CEO) frames Algo Grande's no-warrant financing strategy as deliberate risk management — he believes warrants in early-stage micro-cap explorers can trigger a 'death spiral,' and avoiding them is bringing in longer-horizon, higher-quality investors.
  • He argues the project's location in the Arizona-Sonora Copper Belt, the consistent high grades across existing holes, and the lack of prior drilling across the broader property were the standout reasons the team chose to acquire it.
  • He describes the recent financing as oversubscribed and expanded from $3M to $4.8M, with legacy shareholders returning at February valuations alongside new investors including the Quaternary Group and Bestcore.
  • He emphasizes the team's belief that the system has potential for 50M+ tons of high-grade copper along a 7-km limestone corridor, with new skarn targets possible at every fracture.

Joao Rocha's takeaways

  • Top takeaway Joao calls Hole 3 the standout result — saying it 'cracks the system' by expanding prospectivity from ~300m x 50m to ~600m, opening the 6km x 1km limestone package to future drilling.
  • He frames Phase 2 (started ~2 months ago) as a system-understanding program rather than a grade-chasing exercise, with the goal of setting up Phase 3 drilling planned for next year.
  • Joao notes that two rigs are currently active — Hole 6 stepping south and Hole 7 starting to expand the skarn to the north — and Hole 3 assays are expected from ALS in 2-3 weeks.