Nugget, I told you yesterday you would be happy with Peter soon...

Nugget, I told you yesterday you would be happy with Peter soon when you were hoofing into him.

This result is on the money.

I'd mentioned 0.4% over 200m was, was I thought and on the money.

That 200m section is viable to mine if copper does move plus 25k a tonne, even portions above 0.2% cu will be.

Over the last 10 years, no new big mines gave come online at all.

Over the next 10 years, miners will need to spend 100b bringing online mines to fill a 20m tonne pa defecit in copper.

If we did not have covid and the slow down, we would be in defecit right now and copper would already be plus 15k minimum.

The next holes will setup Spq if good because they are West and parallel to this hole.

If those return 200m @ 0.4 each, we would be looking at 200m deep by 600m wide x 600m breadth atkeast.

If so, 208m tonnes @ 0.4% = 735k tonne copper.
At 15k = 12.5b
At 25k = 21b

Thats just the 200m area.

If we look at 600m @ 0.2%. That's will be viable at 25k a tonne cu.

626m tonnes @ 0.2 = 1.2b tonnes copper
At 25k a tonne = 31b in metal.

Imagine 50k a tonne. Will most likely occur if we have a 20m tonne pa defecit.

Id hold off on ya ferrari for a few years, compound invest and you can have 5 of them.

I am glade I topped up 8 times the last month in the mid 3c. My initial holding Is 1.3c.

Best is yet to be had in the next drilling if philosophy is correct on this being a porphyry and holes done outside it.

The nicest bit, is 600m is very wide and it's better to have bulk tonnage versus lower tonnage at better grade. Ie economy of scale.

Already there are copper mines at 0.25% cu and viable, even at 10k a tonne.

Happy days and well worth waiting here.