RE:Let's hope
RF has been beating the drum about price of CU required to generate supply side activity and pay for the exploration/development to bring suppluy on line. He says at least double today's prices.
Look at the reserves and leverage at OT. Lift 2 can be accellerated, Heruga can be green-lit for development. Who knows what other copper deposits might lie within the JV licences or ETG's ground. Plug $6 USD CU into the valuation equations along with faster development ... you have a lot of potential value locked up in ETG. But as is usually the case with big miners they will wait until the prices are running away from them before they act. Penny wise and pound foolish?
Do they have sufficient water to substantially increase the size of the mill ... I don't know how mcuh more they can draw from the aquifer wells, but what I would imagine is conservation and reuse technologies can stretch the water ... maybe with a rail line there can also be concentrate one way, and some supplemental water in collapsible bladders on the bottom of the hooper cars the other ... think outside the box!