Ann: High Grade Copper From Deep Drilling , page-7

company position has not changed one bit in terms of fundamentals, however even though we have more copper it is at depths that we are not concerned with at present. We already have an abundance of copper at depth that will proove lucrative so long as we can find enough high grade open cut copper to produce to get the company started.

I do feel that the weakness is market driven and because risk appetite is not in the asx at present, hence you can get many of these long term speculative plays at a bargain price. However, it also doesn't help that we haven't completed our drilling which sheds doubt as to whether we will complete all the upcoming studies in the scheduled time, plus we burnt a bit of cash this quater which means a raise is inevitable.

however i do believe we will produce cu and fe right in time to cash in on the resource boom and be multiples in terms of market cap from here.

Don't let the share price dictate the story, unless you can trade well like FREPROM who did get it right, so well done to him.

long term for me and a good opportunity to buy into weakness, as if you wait for share price to confirm your research you miss out on the big moves.