Ann: Ground geophysics identify robust conductors at Mt Isa East, page-71

Thanks for the input mate! All I know about copper really is that its lucrative at today's prices.
Besides Olympic Dam Mt Isa is the biggest location for copper in Australia.
Hence the big spotlight on this region atm.

The reason I was interested in CPM in first place was the location and possible toll treatment of ore by Glencore at Isa bypassing need for CAPEX.

The ore needs to be high grade to get suitable recovery for Toll treatment however.

I do not know what the cutoff would be?

As I understand from prospectus this is a pure exploration play however so the end game for CPM is to prove MRE and sell on to a producer in ground possibly.

I would assume with copper shortage and prices increasing for both copper and gold a proven MRE will be attractive to a producer eventually.

Yes short term Tim Worland needs to find it. And find it shallow and at high grade would be preferable and if not then accumulate an attractive economical MRE.

HMX is getting success with small deposits building to a sizeable MRE and CNB have a lot of it in one location.

Super happy if we end up in between!