Implicit in their 8c price target is them achieving the increase in resources (will be a mixture of indicated and inferred), then also predicated on the market actually recognizing the uplift in tonnage of the resource, thats the bigger issue to me as the geological risk is pretty low that the orebody will stop exactly where the previous operator ceased drilling, but just because you are finding copper and gold in the ground does not mean that the share price will reflect the drilling. The market is incredibly inefficient with copper and gold discoveries at the moment and there are numerous examples of discoveries being ignored by the market without any share price traction.
Having said that I got into this recently with a small shareholding in AUT based on the ground they have + Parsons = market eventually waking up.
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