Grads on the drill are good (prob a little higher then avg) overall published resource grade would be better close to 0.5% CuEq (which doesnt sound much different by is a ~20% increase).
From surface is great however the width of the intercept is prob half what you would want at a minimum.
Southern Porphyry could be better at 177m but still on the low side for a bulk tonnage porphyry.
With these as you said its all about bulk tonnage rather then grade... 0.25% CuEq can be very economically extracted if the tonnage is there (you want near 1bt @0.5% CuEq and its a game changer IMO)
At the end of the day at $10 mil MC ($8 mil EV) its a pretty good punt IMO....
Lots of drilling required (and thus future funding required) but if they hit something big could do anything.
SUH Price at posting:
3.0¢ Sentiment: None Disclosure: Held
