MRE guesstimate, page-17

To be fair I think Lombard1 was worried because your investment style in your own words is to buy a "polished turd" , maybe without realising, and then complain about it in a public forum in the hope that you feel better if other agree?

I think that maybe your investment approach probably should reduce weight to riskier stocks which at this stage of their cycle can be prone to larger swings in the share price.

Even if their MRE is 300K tonnes at today's price for copper you have Revenue of about 3.2 billion AUD in the ground. Even if you value that at just 10% of its saleable value you are looking at 320 Million AUD which is way more than its current market cap with the upside the discovery's are all open for increasing resource and they have other assets.

I've purchased mine in my SMSF to balance against my current energy stocks but I think the downside is protected baring any black swan event, but upside could go be spectacular