Ann: CONSTELLATION PROJECT UPDATE, page-12

@ecneitap said "What is going on here is totally mind numbing !!! E" Hard to take for sure, many of my mates have moved on, but I am still in.

Couple of comments while this thing is dragging mud.

To say Jag going on C&M was a surprise would be an understatement, the market said this thing is shot and management should be too! Only a little while before the Jag cock-up it sits at 70c then became 20c and now.16c - 17c ish Is that fair value?

Brokers gave it a sorta range on being a producer of 25c - 35c, market was not interested as we have seen. All fair enough I guess, many aimed the gun at the management, if you win you get a pat on the back, if you loose get shown the door. I say the reason no door has been shown is because this has life!

Someone mentioned 2021 - 2024 was poor, obvious enough, perhaps the slow improvement during 24 has not had any impact on the SP yet.

I have already nailed my colours saying if this does not do a major rerate during 2025 I will have got it all very wrong and will surely slink off with tail between legs. I don’t think I will though. Rather this stock is a going to be a copper dynamo, I agree with Barry Fitzgerald on that! Copper prices holding up, cashflows from its existing copper and gold production will see this back to pre Jag panic days IMHO.

Forecasting FY2025 copper equivalent production of 40,000-48,000t ish ? Miningnut may have other numbers, anyway it is no 16c stock in my book.

Cheers
Phil.