i don't think anyone is excited by the 2% grades. copper bull's analysis pretty much covers it.
this is the problem when you set deadlines and then keep sticking to them. they had to get a JORC out because that's what they committed to and if they didn't the SP would be a lot worse than where it is now.
they'll keep drilling and that JORC resource will probably double IMO BUT they need to start hitting either copper over greater widths AND/OR higher grades - like 5% plus and some that are double digits for SP recovery.
still one of the best management teams around; they know what they are doing and even though i'm sitting on paper losses (as are many others) I'm happy to stick around.
i don't think anyone is excited by the 2% grades. copper bull's...
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