Yeah - anyone who cannot look at that long section and see all the ore zones above and along strike is just wilfully ignoring that this isn't the beginning of the orebody, its the bottom of the orebody at the moment which is still open and only constrained by drilling coverage. Plenty of operations mine 4-5m stopes underground at those depths or deeper at similar grades profitably such as Eloise itself, and Osborne Mine, and they did that with Australian wages and at lower copper prices than we have now.
Deafening silence from that poster about "better" ASX copper opportunities.
And I hate to break it to that poster but nearly every ASX listed Copper producer and developer has been "range bound" for the last few years, despite the increased price of copper, this is the market disconncet that the Shaw notes and a lot of others talk about, if the ASX cannot price copper miners properly, then predators from overseas will price them properly eventually, see resent activity around MAC XAM NWC etc
A1M Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
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