Hey All,
.. "Preliminary metallurgical test work demonstrates a saleable copper concentrate grading 24-27% Cu with recoveries of 75-80%. This is a significant economic milestone." ..
IMO today's ann has confirmed once again (even further) the potential for a commercial IOGC deposit on GBM land.
Cu grades are consistent with our December results, yet at greater depth. And, there is now more information on where to drill next in order to extend the strike length.
Only the impatient selling IMO as this IS GOOD NEWS - the potential resource is growing! Next up - T2 results, they must be ready for release soon. And, if the past results are anything to go by we should see higher Cu grades there - which is what some want to see!
Sp wise, it's just a bit of bad timing with the US situation and people wondering why the REE are now such a big part of the equation. The answer is GBM are exited by the REE, as we should be.
Monkey see, monkey do. Uneducated sell, smart buying. Wait until this USA game is over (for now) and we upgrade from our current 50 - 80 Mt estimate. Plus T2, Pan Pacific.. etc.
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