RE:RE:RE:RE:RE:This will beyes it is a bold statement and this is my reasoning.
A description at investing news on copper “IOCG ore bodies range from around 10 million tonnes of contained ore, to 4,000 million tonnes or more, and have a grade of between 0.2 percent to 5 percent copper, with gold contents ranging from 0.1 to 3+ grams per tonne. The tremendous size, relatively simple metallurgy and relatively high grade IOCG deposits can produce extremely profitable mines. Iron Oxide is very magnetic and we know the magnetite or iron oxide veins at surface carry copper. The magnetic surveys pick up large magnetic anomalies below the surface where the veins are. No doubt these are globs or concentrate of iron oxide that run for 100s of metres. The question is - what will be the grades that the drill turns up?
If grades are at the low end, could still work out well because of great location and infrastructure. If mid way or at higher end, the stock could really move. It would be the first IOCG discovery in Canada so would gain a lot of attention