Hopefully Geo doesn't mind but below is his post from a week or so ago.
I will be surprised if the JORC is less than 300,000 tonnes of copper equivalent metal. Macquarie has published a 370,000 t estimate. Anything above that will be a bonus. If we can get above 400,000 with a grade of 1.4% copper it would exceed expectations IMHO.
That said I have no idea what that means for the share price. Perhaps not much until further drilling pushes the total into stand alone mine territory or a PFS is completed.
Rob did point out the railway and mentioned a siding to enable early cash flow from toll treatment in the August diggers and Dealers presentation.
DYOR Not investment advice
CNB Price at posting: 96.0¢
Sentiment: Buy Disclosure: Heldwill be surprised if the JORC is less than 300,000 tonnes of copper equivalent metal. Macquarie has published a 370,000 t estimate. Anything above that will be a bonus. If we can get above 400,000 with a grade of 1.4% copper it would exceed expectations IMHO.
That said I have no idea what that means for the share price. Perhaps not much until further drilling pushes the total into stand alone mine territory or a PFS is completed.
Rob did point out the railway and mentioned a siding to enable early cash flow from toll treatment in the August diggers and Dealers presentation.
DYOR Not investment advice
CNBPrice at posting: 96.0¢Sentiment: BuyDisclosure: Held
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