Why would buyers be buying bad company? Because they know it's easy profits. The tenement they have in Angola is world class and enough know about it from Simba's exploration to know there is plenty of Cu in that ground. Absolutely ridiculous and totally naïve to state it's SP is too much. If Simba's estimate of 58 million tonnes is to be believed, work out what 65% of that is worth at current prices. And that was based on 6000sqkms. What's in the 30,000sqkms. Easy to get extract too. Intelligent investors club smiling all the way to the bank.
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