Ann: Strong mineralisation, substantial porphyry potential at CC, page-69

Those are reasonable estimates of the 162-208m interval in CCDD004 but its very difficult to be that accurate in % Chalcopyrite mineralisation estimation visually.

CCDD006 has your estimate of approx 40m at 0.66% Cu and thats plausible. There will be many thick intervals of between 0.4% and 0.7% Cu which are pretty typical of low grade porphry deposits. Minable in the Andes in Chile, when they are sticking out of the ground, but uneconomic to mine in NE QLD (higher capital costs, operating costs etc).

Bajillions of tonnes of sub-economic 0.4-0.7% Cu will get a huge yawn from the market every day of the week, especially now with sentiment towards Cu explorers at a very low point, nearly all copper producers are losing money at the moment due to elevated costs and the copper price not being high enough. Explorers coming up with high grade Cu intercepts in first world jurisdictions are seeing their share prices sag so SPQ is no exception.

It is encouraging that there is a Porphry system is there, they desperately need to find a high grade Cu Au shallow portion thats more economic.