Even without good news the company offers good value. Going off...

Even without good news the company offers good value.

Going off website current resource is 5,331,000 tonnes @ 1.4% cu.

so that's 5,331,000 x 0.014 = 74,634 tonnes contained CU

Total value = 74,634 tonnes of cu x ($7,000 - 3,330(c1 costs)) = 276,145,800

Divide by 50% for copper chem share = $138,072,900

IMO C1 costs should be lower due to high grade and shallow depths, not to mention there is no need to build a processing plant. Reserves are not yet indicated but the point is clear buy into a market cap at 15.9 million when barabara itself is potentially worth 138 million.

Also we should have a decent R/U soon and following that further drilling, including potential for underground mining.