Hole 10, page-8

Morbidfury, I did read possible 50k a tonne. I'd not rule this out if demand does go plus 40m tonne pa, with a supply gap of 10m tonnes pa minimum.

Bhp states 2m tonnes pa will be lost from present mine supply.

Also many mines will be end of life the next 10 to 15 years.

So the problem is not just adding new supply, but replacing supply.

At the moment the world does not have enough resources to meet 40m tonnes pa full stop, even if they get discovered, we have this 10 year leed time yo produce.

We also can not swap copper, maybe aluminium for cabling, but at 2. 5 times the size for same apacity.

Doubtfull as things are getting made smaller, miniaturisation along with tech change.

If Spq gets something like 700m tonnes ore, it's value will be 1.5b plus.

Present drilling, we await 6 holes for 5000m. Now these holes do cover alot of ground to roughly define mineral outline.

If on money, I'd think another 25 holes to see a resource appearing. Only hole 4, they have designated thus far, when others might be.

We will see a frenzy in copper, as we did with dotcom and crypto as that is what occurs historically.

Not yet I feel, maybe starts end q2 in 2023 when the supply issues hit home.