POD already has a copper resource of around 60kt. That's contained in over only half the orebody's length to a depth of only 100m. I think we can safely assume they will end up with at least 200kt. In ground value of 200kt of Cu is around USD1.8bn and it's a credit (ie very high margin}. On a present value basis this volume of (very high margin) Cu alone is worth at least USD180m; actually probably closer to AUD300m. Need I say more ?
Zen
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