jorc out, page-7

"The Company notes that significant zones of additional copper mineralisation east of Main Lens South and North, including the Club House Lode position, are not yet included in the estimate but are likely to be included in future estimates following further drilling."

Basically we got 80,000 tons of copper at open pittable depths for stage 2 (Hera = stage 1), and over time we'll add a nice underground resources. At a copper price of 7400/ton, that's almost $ 600 mio of revenue for stage 2. With low capex thanks to the then already existing Hera plant and low opex thanks to open pit, that will be wildly profitable.

But Mr. Market seems asleep at the wheel, as usual. Oh well, give it a little time. People are busy buying Christmas presents - they'll have time to slowly digest the news over the holidays (together with the food ...).

BTW, copper inventories are low, and from what I have read, there is a good chance we'll see increased copper prices after the Chinese new year.

Merry Christmas, everyone!