Grade is king in the copper game. As Steve Parsons said, these grades are exceptional.
The next resource upgrade should be a cracker.
I did a back of the envelope calculation yesterday without expanding the resource and just comparing to copper producers and after allowing $350m to install production equipment to produce a concentrate to sell I arrived at a comparative valuation of $2.30/share.
Cheers......D
FFM Price at posting:
$1.06 Sentiment: Buy Disclosure: Held
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