Amazing that this is still flying under the radar even though the price is in an upward trajectory, copper prices are near A$10,000 p/t, Copper Sulphide very unattainable in Australia and there will be an updated JORC by years end that will result in early cash flow to make the most of current market price increases next year.
ENR has a $70M Mcap and just raised $6m in an over subscribed placement, JV's with majors but no resource - unlike RCP.
ENR has just signed a $22m earn in with BHP for Elliot which is not too far away - actively looking for a copper resource in the NT...currently there are no operating copper mines in the NT...yet we have a resource that is under explored with copper at surface in Breccia pipes open along strike..
“New data has shone a light on the potential for copper to be found under shallow cover in the Northern
Territory. Encounter moved early and aggressively to secure first mover opportunities in this new frontier.
We are delighted to be teaming up with BHP in the search for Tier 1 copper deposits at Elliott. We look
forward to working alongside the highly respected BHP exploration team to validate this compelling
opportunity.”
https://www.mining.com/bhp-bets-on-copper-project-in-australias-northern-territory/
The NT Gov are funding the clean up of the tailings dam - are committed to doing it - but any copper extracted during the clean up from the Tailings Dam belongs to RCP...so potentially $100M of Copper at surface ready to turn into Copper Sulphate and be sold to Zinc mines up the road as they can't export it into Australia.
Another out of CPS...just have a look at SUV and ESR which all multi bagged - baffled if this is under $100m Mcap in Jan when the updated JORC is there.
