Ann: Brazil Copper-Gold Exploration Progress Update, page-24

No, the latest ann was enough to cause this. Salobo hasnt got through,Pebas is only at the start of drilling phase but the result wasn't that good (however it is only for a couple of holes, encouraging but not that people expected and that company has stopped it for the Salobo push), and Itapitanga with the cobalt price is still sluggish down there even though nickel price is climbing now. Lots of people jumped into this stock within lots of reasons. Mostly Pebas people have or will jump out soon as the project won't be touching until Salobo.