I hope Peter and Lachlan are putting the time into fine tuning...

I hope Peter and Lachlan are putting the time into fine tuning the resource estimate so that it only contains ore that can be mined profitably. A big job that needs to be done very throughly to ensure success.

Nice to see Cu price $9,500/tonne.

Lets hope the resources are abundant and Lachlan develops a mining plan that gets the plant working at full capacity.

2.5m tonnes of ore P.A. at 1.84% cu. eq. grade and 95% recovery = 43,700 tonnes of cu. eq i.e. potential revenues of $415M

The big question is at what cu equivalent grade do we break even. If my assumptions are near right there will be a big attractive margin in the DFS and funding shouldn't present any real problems.

There are of course a lot of uncertainties and a lot could go wrong but with a sector average price to sales ratio of circa 3.6 there is a lot of potential to improve on the current $22m market cap.