Well the announcement is certainly in line with my conversation...

Well the announcement is certainly in line with my conversation with them yesterday and as promised no mention of the financing.

I have been bitten too many times to take anything on face value but I must say the consistent under promise and over deliver approach that the company displays is really testing my no more buying vow.

For me the highlights on this announcement are;

The continued above name plate production - 4,000 tpm CU for the next 10 months will mean significant $$$ between now and the end of the HMS phase in a rising copper market.

The surprise on the upside for both grade and strip ratios - As PJK once said "a great set of numbers"

The exploration upside, particularly Judeira, is just cream on top of what is already robust project economics for phase 2. Especially when you look at the grades of some of the Judeira intervals. That maiden resource should be a corker.

What a top company - definitely going to AGM next year to buy these guys a beer.