price , page-4

Problem seems to be Low Grades of Copper,requiring 'proof' of quantities to justify mining over the Long Term [20years+]
Though the Molybdenum Grades are "High" unfortunately the price of Moly isn't.
Currently around $15,2 years ago it was $35.
So unlike other materials[iron ore/coal eg]the Market is not 'keen' because of record prices.

Also there may be some negative reaction coming from Cudeco 'fiasco' and recent enviromental concerns over the Mt Isa Copper Smelter.

So even though price has recovered somewhat today,it is not on high Volume and I feel that until this JV with a major eventuates,we'll just need patience.

I'm reassured by Washington Soul's involvement but they are known for taking a Long Term View perhaps longer than I'm prepared to be involved.

So 'news' of further finds IMHO will not affect the share price unless Moly Prices can a Rise happening but especially JV eventuates because sufficient Copper is JORC'd up to justify production.