IMHO ALM / Briggs copper resource is an Inferred 500M - 1B-.0BT (or more) bulk mining target. Current drilling has discovered that "blind" high grade copper zones (within the general copper target) lie below barren scrub / surface material. There is now conceptual potential for discovery of additional (large??) high grade blind copper zones. IMHO we are now dealing with a conceptual massive tonnage target that could be as big as CVV. ALM has just scratched / commenced to open up the potential at Biggs. Which brings a focus on grade and US/LME copper prices. April Copper Futures are soaring this morning at +2.18% to US$4.20lb / A$6.05lb. The entire copper complex IMHO is very bullish.
ALM Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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