I am surprised this ran so hard on no assay results. The zone with copper is around 50m thick and very deep according to the announcement and the two nearby holes had a best result of 80m @ 0.4% Cu. There are enough photos of the core to indicate that this is not massive sulphides, it is disseminated, blebby and veinlets in haematite. My guess for what it is worth based upon the description and photos in the announcement is approximately 50m @ 1-2% Cu, certainly less than 3% (no way to estimate Au, U or other elements). I have no idea what this kind of result would do to the share price, that is for others to ponder.
I know nothing of the history of this company and its management but I declined to invest on the basis of the announcement.
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