RE:so it looks like This is precisely the progression we might expect if this is a sustained uptick in the markets. If Cu stays up or improves, that may be the signal to start to see improvements in NCU. There are few companies in this stage of development in the copper space. What has happened with FM is not a good example, as that is a major that was shorted to the hilt and they just had some very strong developments that put the debt covenant concerns in 2017-8 to the side. That is why it continues to roll higher.
I will say that the speculation that the drilling will materially improve this current situation is not compelling for me. My guess is the market will shrug. I would expect that the funding to move the project towards production is the real catalyst to sustain a higher price. That may be some time in coming, and as I mentioned this morning, it is pretty clear we still have a 6-month down trend with NCU, regardless of the larger market sentiment.