Ann: Copper Grades Higher than Expectations , page-61

Bluey,

My post was not to define a primary income stream:

recalling what I said...........

So from that I guess everyone understands that the by-products from smelting and refining of Native copper has a high probability of being economically advantageous to the miner.

…………………….. in recent announcements - certain by-products are mentioned, one of these being Sulfuric acid, and this can be economically advantageous…………..

Another by-product is of course Magnetite. Recent Announcement suggested about $90,000,000 income for this product annually...............

My emphasis is on the by-products paying for the process, which appears to be a subject disputed or ignored by many caught up in the collapsed scrum.

I mentioned the number $90,000,000 as a suggestion by the company in a recent announcement, which when read is defined as "up to".

In the early years I expect by-product income to be predominately derived from the other base metals recovered from electrolytic refining. As the company moves from the Native copper to other ore bodies I expect the by-product income to move more towards other sources, including magnetite.



Morgan