If you look at 2mt at say $5000 copper at 3% paid you get £215m. Which Is about 30p a share. That's the low end!!!!!!! We obviously have to get to 2mt equivalent but if we do.......... It's going to be a big payday for us all.
There are approximately 33,000,000 cars in the uk of which less than 300,000 are full ev. If you were to change all these cars to full ev, you would need 2.7 million tonnes of copper. That's just cars in the uk! What about lorry's, buses etc. Then what if the whole world changed to ev? I'm bored but I'm not going to work that one out!
Well if the drill has not stopped over the weekend then we should be around 1250m. That would be great news .... But I think either there's been a delay in getting the RNS ready or drilling due to the holidays. I hope it's because we're still drilling!!
It also mentioned hole 6 is the final hole of phase one. So they will use the 5 holes and assays to produce a 3d model and then on with phase 2. Looking forward to the 3d model and getting an idea of size.