https://www.livewiremarkets.com/wires/longer-term-appeal-of-copper-stocks-just-increased-thanks-to-september-sell-off
"SUNSTONE
With the copper producers being beaten up for no good reason, it has been too much to expect the ASX copper explorers to swim against the tide. But it can be different for those explorers that are drilling away at prospects that just might become game-changers for them.Sunstone (STM) is one of those.
A diary note suggests that the company – trading at 2.2c for a market cap of $48 million against which it is holding $23m in cash and liquid investments – must be about due for a drilling results update on its El Palmar copper-gold prospect in northern Ecuador.
Sunstone reported on September 6 that the second drill hole had returned a 250m intersection of copper mineralised porphyry, based on visual inspection.
Sunstone’s MD Malcolm Norris has been involved in big porphyry discoveries in the past, including the nearby Alpala deposit owned by the $A1.15 billion London-listed SolGold, which has BHP and Newcrest as substantial shareholders.
So it was a no-brainer to make a diary note on the El Palmar drilling back on September 6 when Norris noted that the second hole “appears to be well mineralised over a substantial interval”.
“Given what we have seen in the first two holes, we are increasingly optimistic about the potential at El Palmar and we are looking forward to receiving the assays,” Norris said.
Aren’t we all?"
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