The week the Rio Tinto JV was announced, Copper tradedin range of $2.15 to 2.35 USD$/lb. fast fwd Spot Copper is now $4.60ish and traded as high as 5.00USD+ as Copper broke thru to all-time highs.
As I mentioned in an earlier post, the share price is back to the Summer of 2020, shortly after the JV was announced.
So undervalued IMO, can't wait to see the drill results from the second campaign....and the plans for the 3rd program. Anyone that knows Rio Tinto, knows that only "an elelephant sized deposit" benefits them.
DYODD
Futures Copper Chart Weekly (finviz.com)