2m oz eq maiden resource announced

That is some sort of first number. It is inline with the brokers numbers, so $2.40 is very real now and derisked imo. This will only get bigger with every hole.
The supergene resource is 101,000t @ 24% copper (remains open)- this is nothing short of outstanding. It is 2/3rds the way to the SFR resource already.
SFR was about 143,000 @25% from memory, so we are gaining on them already.

The maiden total mineral resource is 11.4m containing 205,000t of copper and 716,000oz of gold.
They suggest that this will pay for the majority of the capital expenditure for stage 2. This is what gave SFR the big kicker as well.
This deposit clearly has several high grade styles of ore and the shallow nature of this lends itself to open cut mining. The chart on page 3 outlines this.
These guys could pull out about 101,000t @ 24% ($165m) and another 33,000oz's of high grade gold ($40m) in short order for little capex. All in all, this is a great result for their first number and suggests the numbers dont lie. dyor