And to be fair, a TO is the right approach. Very rarely have I seen a small cap be able to develop a tier 1 porphyry deposit and go production at scale. This is something Solgold is trying to do and we all know how successful they have been to date at that. Especially when its a single commodity exposure with no cushioning for the inevitable cyclicality (even if I do see copper having some legs).
Ann: El Palmar - Additional Targets Identified, page-158
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