I only caught the title, not the whole text, but an FNarena article said that analysts are raising their long term price assumptions for copper. Just adds to the underlying value of the project.
remember, the tolhurst valuation a month ago was $1.27 with a 12 month price target of $1. But that was a month ago before upgrading of expected copper prices, and attributed only a small part of that valuation (14 cents?) to exploration. Most of it was due to inferred resources in ground at that time.
A rising long term copper price and a bit more luck with exploration in the area has to raise that valuation significantly... surely north of $1.50 isnt stretching credibility?
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