Nice announcement, but really not that unexpected. CH appears to be reasonally predicatable now, with those infill targets being pretty much on the money.
Massive volume for such an announcment. I favour thoughts on CBA getting out. The sooner they are out the better. Plenty of speckies suffer under such circumstances, with release from big boys grip often resulting in sharp SP increase. With a bit of luck we will see steady increase in SP with CBA getting out.
I think CH is really starting to lift. Whilst there has been a nasty drop in Copper prices of late, CH has been modelled on $1.80 US prices, which in hindsight was a good decision by management. Imaging if it was modelled on $2.40 US + !!!! We would be starting to have doubts about viability based on predictions to date.
GC
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