We even have a "Measured Resource" now of approx 123K ton copper Eq (which at current spot is about $860mill).
"Maiden Measured Resource: 7.71Mt at 1.60% CuEq"
"The maiden Measured Resource brings much greater geological certainty to the deposit and gives the Company a strong foundation to proceed with further drilling and more advanced project studies".
Noteworthy......there is an estimated half a pound of copper or so with Ag and Zn credits on top for every share issued atm (using today's JORC figures).
Significant upside for those buying at these levels seems an inevitability in the medium/longer term.
That's my take on it anyway.
VAL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
