Flogging a dead horse?

Upon seeing a few bullish reports on Copper I was reminded of an ole favourite Cudeco!
When I moved to the Gold Coast back in 2001, I used to get told by a few locals, buy International Mining Investments.
It was only a couple of cents at the time.
But I'd been burned bad in the tech crash and before that BreX and so was very wary of "penny dreadfuls".
I didn't buy it, but then had the torture of watching it, after a share consolidation and name change to Cudeco, go from 30 odd cents to as high as I think $7!
I stopped watching it a few years ago, but things obviously didn't go to plan.
So my question now is, if I was bullish copper, is this one worth a punt?
Putting aside all the boardroom and management dramas, they are presumably still sitting on a sizeable copper resource.
Would this stock be on the radar of any of the bigger resource companies wanting Australian copper deposits?
Doesn't Xstrata have a nearby mine?
Or is touching this like flogging a dead horse?