Huge leverage as you say mate - 70mlbs Cu (~32kt) per year for T3 alone. Add 50c/lb to the price of Cu and its $35m and most of that to the bottom line. That’s worth a couple of bags in itself, add in a discovery over the vast land package and this one has got plenty of room to move.
DFS out in a week or so.. let’s hope the reserve is around 350kt Cu (30-36mt @ 1.05-1.15% Cu) and we will be cooking with gas.
MOD Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
