Or great expectationsAre similar companies with both having a...

Or great expectations

Are similar companies with both having a small short-term and a large long-term project.

URL certainly took time and burned thru a lot of cash to get to the initial DFS stage (EXS only at the PFS stage and still spending big at $20m last year) and consequently AOH now have plenty of disenchanted impatient early holders eager to exit. With environmental consents and a new reserve definition progressing an optimised DFS with the aim of 40ktpa should be announced soon. And the plant purchase in Finland has really de-risked Outokumpu. With a low market cap about 1/4 that of EXS to me this makes for a great opportunity for anyone who thinks copper is the place to be (supply constrained and demand increasing with likes of electric cars). Only a matter of time I reckon before the market wakes up to the potential and new investors get aboard.