Three-month copper on the London Metal Exchange (LME) was up 0.6 per cent at $US5,519 a tonne by 1600 GMT, its highest since March 13.
Copper, widely used in the construction, transport and power sectors, has gained 26 per cent on the LME since hitting a 45-month low of $US4,371 on March 19.
Hammer does have Copper ... it is the forgotten hero here!
They do have a JORC resource with the Kalman deposit and from recent announcements the current exploration program in Qld is looking for more and hopefully expanding Kalman!
Not so long ago Hammer shares were trading around 8c, that was long before they had picked up Bronzewing and additional ground they have acquired in Mount Isa since that time, their current exploration programs there in QLD are now are much further advanced and they have some exciting new targets they look like they are focusing on.
IMO Market has been asleep at the wheel on what prospective ground they Hammer have, and currently hold.
Maybe it is just starting and will finally wake up and realise the potential here, have one of the biggest ground holding in and around Mt Isa for a small/micro cap.
Hopefully ( my fingers are crossed) exciting times for all holders ahead if both gold and copper prices continue upwards trend and Hammers potential finally materialises with exploration success with the current drilling exploration program.
