Ann: Further wide zones of Cu intersected at Lone Star, page-8

This is the historic resource estimate based on $2.84 and $593.


Even if all this drilling is just to put the inferred into indicated then there is over $130m in Cu value alone. Note that this should also increase with the new prices put into the model.

My guess is they will double the resource with the current drilling as well so should have around $250m in Cu without taking into consideration the gold.

Not a huge resource however they are close to a Mill so Capex will be next to nothing. Even if they can make $50m from it this still comfortably underpins the current SP which means Li and the REE are free hits.