Much too early to say that it will be economic. The length of the hole is very good and if they can expand the along strike tonnages will be very good.
Grades look like they'll be roughly the same as the first hole, however the big question is what will the recoveries of Mo be like as Cu and Moly need to be recovered separately and half or more of the CuEq is attributed to moly.
FWIW CVV showed roughly 60% Mo recoveries from their testing earlier this year.
I know some will say that .5% Cu is economic as that's the grade being mined currently by many large porphyries, but these mines already have decades of huge amounts of sunk capex and infrastructure and are big open-pits.
Much too early to say that it will be economic. The length of...
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