I think we all appreciate it is early days on this one, but there is a very big possibility the high grade zone is very big (after all, the total zone is 2kms long).
The other point is that they have several high grade copper targets, not just this one. Another one has returned 16% copper.
Add in the $40m Iron Ore royalty and I still see very little downside at these levels.
BTW, I love meerkats analysis... "enjoy the ride, it could be short.... or not...."
Well, there it is, from here we could go up, down or sideways. In depth posting at its best ;-)
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