To date, 27 drill holes have been completed with some of the initial holes intersecting broad intersections of copper mineralisation comprising chalcocite and chalcopyrite.
From my time in the mineral industry i have seen some grades of Chalcocite >35%. I fact, we dug some of this straight out of the ground and sold it as a concentrate basically, it was 35%.
I'm NOT saying thats what we can expect here, however if we did, toot toot. With grades above 5% it gets cheaper to process. eg some tonnage throughput with 2 to 3 times the copper, so same power, media, pumps usage etc for more copper. So average grades of 5% would be awesome.
If in fact the grades and meters in the annoucement are half decent and the sp gets slapped about i'll be buying for sure. That would be a no brainer.
dyor
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