investec

Does somebody has a view regarding the recommendation of Investec (price target 90 cents) ?

I have the feeling that the view is rather on the conservative side. Am I wrong ?

What is a "possible chalcocite supergene blanket"? Is that good news ? Exciting maybe ?

This might be exciting I guess: Importantly, there may be continuity between the high grade zones of 40-60m @ 4-5% Cu, which could provide a boost to underground economics.


Assays released to date appear to suggest the potential for size and grade increases. Two holes completed near each other have reported high grade results including 60m @ 2.58% Cu (Hole 23) and the recently announced Hole 25 (222m @ 2.15% Cu including 130m @ 2.9% Cu and 37m @ 5.19% Cu). Importantly, there may be continuity between the high grade zones of 40-60m @ 4-5% Cu, which could provide a boost to underground economics (though we expect BTR will look at both open cut and underground options as part of pre-feasibility work). ?? At the Mutoya prospect, two holes have recently been completed, with discovery of
a possible chalcocite supergene blanket. Petrological and other geological work is planned to assess the degree of potential remobilisation of copper, and generate
further targets, as a primary deposit may exist at depth, or laterally.