Copper play

The way I see this story playing out over the next 6 months is from the perspective of this company being a copper play.

Copper price is looking healthy, with it on the cusp of breaking out into 6 year highs and has just made a 2 year high.

The JV that was announced with RIO is huge, with drilling on the asset directly adjacent to the Winu discovery to start in Jan. The Rio Geos will bring fresh eyes to the project, and a budget that will bring a lot higher probability of making value creating Cu hits.

All the existing equipment is still on site at Winu so will just need to drive down the road to start the program. The EM survey will need to be done between now and then as well, but is realtively easy.

Just need some patience for a month or two, with huge upside here.
MC 12mil
EV 9mil