To me it looks like the recent drill results have shown no high grade material which is what we all want to see.
the mine life is still only around 4 years and they have a fairly large amount of debt which will probably increase in the near future unless they increase the production substantially.
copper price is not where we want it and the mining costs are all increasing.
Ann: Highly Prospective Drilling Results at McLeod Hill, page-10
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