Yeah it sounds good until you realise they are paying for this...

Yeah it sounds good until you realise they are paying for this exploration with our own money.

CMMC is so saddled with debt that I can't see how they can possibly start to develop Cloncurry unless the price of copper heads north and stays there. If that does happen then they are sitting pretty - and I am a copper bull long term, so I understand why they did it. But it could be five years or even more before the copper market is conducive to developing Cloncurry.