Light bulb - aka Luminous Seems like your wattage is a little low and the light in your room is a little dim. You realise that copper mines grading more than 1% are very rare and extremely profitable right? The idea that 4% is not good because 10% was reported earlier is ridiculous and sheds poorly on your IQ. What is important here is the number of tonnes of 1% grade or better. I would appear from these latest holes that the edge of the deposit has likely been determined to the west and to the north. What we do not know is what is to the south and east. It is these holes which will be reported next, that are important. There is also an infill hole to the north of the 10% which will be interesting as the size of the starter area where the first incline will be directed is important during the start up phase of the mine. Based on what is known thus far this is a very large rich deposit, likely in excess of 100 million tonnes. Time will tell how much larger but rest assured this will be mined and profitably too.
The larger players and institutions do not like to trade around a news release. My guess is that we will stabilize here and then start to move up nicely once the retail dim wits are finished and the real investors start to accumulate.
Rick The Vet