Ann: Copper Mountain Announces C$15 Million Bought Deal Offering, page-3

Is promising that they are finally looking to do some work at Mt Isa/Cloncurry. I would be interested to know more detail on what they are doing and why.

I am puzzled by the combination of 2 announcements, the C$15m raise and the fact that Cowden is moving on. Firstly the EVA Copper Project does not need another $15m spent on exploration given the work that had been done by Altona to FID. The economics of that project are pretty well known and nobody knows it better than Alistair Cowden. So a strange turn of events to see them part ways with Cowden at the very time they decide to do this extra work in Qld. Are they not believing what they bought or what Cowden can show them or is it in fact more work needed by saying a banking syndicate to confirm past results ?