The Resource SizeCanariaco is a copper mountain. Check out the release of Jan 11. You will see one hole (06-69) ran .5% copper for an incredible 1781 feet ending in ore. Many other holes also ended in ore over similar depths.
So the 4.9 billion pounds reported last year is going to go way higher once the new deep drill has a chance to do its thing, by exploring at depth. That is not to say that the company will undertake to update its 43-101 reserve report any time soon. It's more important to move the existing resource from inferred to indicated through infill drilling to facilitate production financing.
IMHO what will take Candente to the next level is either a financing package on very favorable terms (and the company has already told us many approaches have been made), OR A GLORY HOLE WHICH WILL GET THE ATTENTION OF THE MAJORS.
If we get an indication of a 10+ billion pound copper orebody, Candente will need the hostile takeover protection provisions being presented at the extraordinary meeting of Mar 9 to give us all an opportunity to enjoy the fruits of Joey's decade of hard work.