A bit concerning this wasn’t released in a more timely way, pretty obvious word was out on Friday & the Ann drops 5mins after the opening bell a weekend later?
Now with that said…. Whoaaaaaaaa - 3m of 90% massive sulphides & OPEN AT DEPTH & to the WSW.
The PFS & metrics were already a no brainer, so I don’t know what comes after that. Grades improving, size improving, Cu price improving, so I think financing and FS are a certainty now and as such the SP should adjust accordingly.
I would say though it’s in everyone’s interest that they prioritise exploration of this new find, so we know how big this monster is. I’m sure this may well prompt a suitor or two (SFR & OZL in particular), to take a closer look and maybe make a move.
SP wise. I think my $1 target just went to $1.50
Ann: Massive Sulphide Copper Intersection at Jervois, page-9
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