I had another look a the resources and reserves grades. It's excellent compared to the 0.4% Cu BHP is mining at Escondida.
That and the fact that it's relatively free dig for a large portion (don't forget we mined North Portia) to me says it's going to be a mine.
'Then you get guys like Chris Cairns* at Stavely Minerals saying in The Mining Journal Cu is going to $10/lb.
I don't say that but I am prepared to say $6 as the incentive price we need per at S & P per Daniel Yergin.
All IMVHO.
* I always saw CC as a bit of a show pony very intent on the look of his 'tache.
Takeover ?, page-65
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