MC $120mill odd seems reasonable for potentially one of Australias largest cobalt/copper developments at the feasibility stage.
The hook for me is that if they can unlock the geology and direct the drilling more accurately, they can significantly expand the resource for not much cash. That last hole is 900m west, that's a shed load of strike, and almost bonanza grades.
Ann: Highest PY3 copper and cobalt grades yet at Walford Creek, page-11
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