Agree with your points about the A1M re-estimation and won't...

Agree with your points about the A1M re-estimation and won't surprise any A1M or DRM holders that the new mineral resource estimate is a more "real world" likely to happen mining operation at Jericho thats conservative and a typical "under promise and over deliver" story.

The interesting thing is how they approach the expansion of the surface mill at Eloise to handle these extra tonnes going into the plant, the increasing depth and fewer tonnes coming from Eloise deeps and the bumping up of the cutoff grade for Jericho will take care of some of this, they are signaling to the market that they will be after quality tonnes, and not sheer quantity, which makes sense given the high capital costs of expanding a mill capacity at this point in time, also good to see capital spending discipline is flagged and these guys not losing sight of the goal, which is to be a small but profitable Cu miner that can survive any downside surprises in copper prices/exchange rates or other stuff.

Much rather have a smaller more profitable mine that leaves a few tonnes behind in the ground, but has a good profit margin, rather than a "fully optimized" capital intensive aggressive bigger operation that falls over at the first minor swoon in the price of copper or hike in the price of fuel.

Agree with @Ashentegra - Altia will stay in the ground until the price of lead or silver does something really radical and/or S32 Cannington's operation runs out of ore, just not big enough to justify its own mill yet. It might be a useful bolt on acquisition for the owners of Cannington. Once Jericho is permitted, and bedded down there is still considerable potential for exploration to turn up more sulfide ore somewhere around Eloise.