I agree, closer to 50 but bridging loan in exchange for offtake considering the metallurgy is far more simple and by the time that question is being asked, the copper macro will be even more dire. Nothing's for sure of course, but I find this a pretty realistic scenario.
50 puts it at the bottom in capex and based on what we know so far (but with the caveat that we still need to know more) it looks like opex will be really low.
That should be the launching pad to find that feeder zone, drill out the other satellite deposits and thereby dramatically increase the MC.
It's kinda beating a dead horse to explain it again, but with all the negativity about I felt like sharing the viewpoint of why I like this on a long term basis. I'm not a good trader so I stick to my circle of competency and don't risk getting caught out one day when the market sentiment turns for the better. I've seen stocks turn around in a single day.
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