RE:How much success with the drill is already priced in?There are a few areas that I don't believe are included in the current price.
1. North zone - The existing holes that will be reconfirmed to current day standards ended in mineralization. When OCO drills deeper in the North zone the size of the ore deposit will likely expand and with it the value of Santo Tomas.
2. Brasiles - Only 3 holes were drilled here and the results haven't been located as I understand it. If the mineralization matches the IP survey there is more potential upside here
3. Blind target. - The target in Brasiles that was not visible from the surface but uncovered by the IP survey. More potential upside if the drills find anything here.
4. Southzone - This area might have some upside as well but management seems focused on the North zone and Brasiles to start.
I'd argue that none of the above is factored into the current price. Right now if all that happened is management reconfirmed the North zone and everything else was uneconomical we'd still be slightly undervalued at current copper prices.
coastalcopper wrote: Given the prior drilling done here is there not an expectation that the new drilling should be really just confirmation of prior drill results and is therefore already baked into the price? Or is there going to be drilling on anything section of the property or resource expansion also underway? Thanks!