2p break18 Aug 2020 08:34
Today, Friday, Saudi news?
Larger maiden resource of c. 20 million tonnes now expected in August 2020, an increase of 66% from the previous target of 12 million tonnes
· This is based on completion of the first 9 months drilling and subsequent analyses and interpretation, covering a strike of over 4km to a depth of up to 350m
· Hawiah remains open along strike and depth, where some higher grade intercepts have also been encountered, for further follow-up
· Expected average copper equivalent grade of c. 2% copper, representing c. 400,000 tonnes of contained metal, with an in situ value in excess of US$2.5bn at current market prices.
Undeniably undervalued and primed to gain