Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-89

In the 25 March 2022 announcement, they talk about 150,000 tons (or 300m lbs) of copper so at today's copper price (USD $3.67 lb) you've got around USD $1.1Bn of in-ground value. Of course you need to account for set-up and operating costs etc. To my untrained eye, just looking at the drilled area at Delfin, I'm guesstimating that they've only probably got half that and need to properly drill it out. The upside is in further exploration success with Delfin repeaters (Cami, Delfin 2 etc) and also with any gold or silver credits. Kicker could be porphyry potential that they mention. Nice little project if they can get it up and running quickly. Key will be knowing how to operate on ground over there especially with the local communities. If they confirm securing the project, market cap I'm hoping should reflect around double what it is now. I'm just thinking out loud, so DYOR and make your own decisions as always.