why the sell down?, page-4

Very high expectations, lots of chatter about Wafi-Golpu, Lihir most likely. Still not a bad start imo. Doesn't look to have been ideally targeted but shows the limitation of the IP surveys. What looks like a large consistent blob on the map is usually a more complex structure with zones of high and low grade mineralization, so still a bit of guesswork and/or luck involved. On the other hand its the first time they've drilled wide (or any?) zones of copper mineralization and the presence of a decent thickness of higher grade material also very promising.