CEO Terminal regular and Aston Bay (BAY:TSV) CEO Benjamin Cox was a live guest on Andrew Bell's Commodities show this morning on BNN.

Mr. Cox and Mr. Bell discussed the deal Aston Bay just signed with BHP Billiton on the Storm copper/zinc project on Somerset Island, Nunavut.

A letter of intent has been signed that could see BHP Billiton spend up to $40 million over the next 9 years earning into 75% of the project. A definitive agreement is being worked on.

BHP is the world's largest mining company and an "exceptional partner" to have, according to Mr. Cox. He is bullish on copper down the road as mine grades decline worldwide and demand for copper remains strong.

Mr. Cox has been busy marketing Aston Bay since the deal was announced, stopping at Haywood Securities yesterday to give his presentation. He's spending the next couple of days in Toronto.

The stock price has responded to the recent announcement and is trading above average volume, last at $0.21.

Related: Explorer Aston Bay signs $40-million preliminary deal with BHP on copper asset

Find Benjamin in CEO Terminal and ask him about $BAY or why he is bullish on copper.