Huge amount of work to redefine project as a robust high grade copper-gold-silver project.
Noted that PFS excludes 44% of the currrent resource.
Shouldn't be difficult to double the mine life with conversion of more of the inferred resource and some agressive drilling in extensions and prospective target areas.
Process starts soon with rig booked for early next year.
Grade is double that of recent Sandfire Botswana announcement, also a 30ktpa Cu project.
Looks like plenty of upside and near term catalysts.
Detailed costings completed which should accelerate completion of FS, development and time to first revenue.
Copper market is in the early stages of a bull market supercycle.
Mgt need to get this moving to take advantage of the developing supercycle for copper.
Reuters/FT: Copper rallied on Tuesday to a seven-year peak after strong economic data from Asia as Goldman Sachs said the world’s most important industrial metal was in the first leg of a bull market that could carry prices to record highs.
"This current price strength is not an irrational aberration, rather we view it as the first leg of a structural bull market in copper,” said Nicholas Snowdon, analyst at Goldman Sachs. We believe it highly probable that by the second half of 2022, copper will test the existing record highs set in 2011 [$10,162],” he said.
Bloomberg: Copper Powers On as Bulls Say Rally is One for the History Books
With prices up more than 70% from an intraday low in March, this year’s rally is starting to resemble the spike in prices seen in the early 2000s as a surge in Chinese orders ushered in the start of the commodities supercycle, Luke Sadrian, chief investment officer at Commodities World Capital, said by phone from London.
“This rally hasn’t even started yet,” Sadrian said. “The market’s looking like it did in ’04 and ’05, and the world didn’t get the memo.”
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