Ann: Annual Report to Shareholders - 2018, page-3

"Kalkaroo the largest undeveloped open pit copper-gold deposit in Australia on a copper equivalent basis." - Chairman



Interesting read - quite bullish for Dr Copper.

When you look at the table on pg 5 of Realistic Additions to Cu Production to 2025, Kalkaroo with its 1.1mt of Cu resource (and 474 kt Cu reserve) fits within that group by size alone.

Hallgarten is forecasting Cu prices of US$3.8/lb in 2020 (pg 7).

Expect Investec to do very well on its low strike free call options which don't expire until 2022 .. look at the forecast Cu demand surplus before then (pg. 6).

'Nice and favourable terms' indeed.

DYOR