Since the discovery in January the price of copper is up 20%, we...

Since the discovery in January the price of copper is up 20%, we have raised an extra $6M, now with around $10M in the bank, giving us an EV of $40M. Which is ridiculously cheap considering our discoveries to date and confirmed to date $4Bish in ground resource.

We have explored more of our ground, have landed a strategic partner and are about to commence more drilling in Queensland and WA with multiple assays outstanding from previous drilling.

With the drag between results, plus the uncertainty people have around the world economy it’s understandable people are taking some money out.

However, since the discovery in January, things have only improved for the company and in 12 months time I can’t see the share price being anywhere near where it is now.