Obviously a bit of history on this one but a few undervalued...

Obviously a bit of history on this one but a few undervalued assets are currently being re rated on the market due to current metals price increases so worth looking at this given recent price movement...just from a brief look around at the old stuff.

95,000t of copper at 1.5% at Redbank = A$842m in ground value...not sure they would have ever checked for Cobalt either so potential there...plus they want to get to 200t tonnes with some more drilling..currently plant on site (although not sure if it can actually be used). Some drill results from back in 2008 when they had a JV with Glencore to explore the area....looks like they are breccia pipes which are commonly associate with the hard to find porphyry systems but again very long shot.

Environment will always surround this after all past issues but if it gets to 200t of copper with some more drilling..$1.5bn?

Michael Fotios has obviously been trying to get this going a few times and he does have a knack for getting things right.

Big risk but someone seems to think its worth a risk given recent rtading