Ann: TIGER RESOURCES INCREASES KIPOI CENTRAL COPP, page-12

re: Ann: TIGER RESOURCES INCREASES KIPOI CENT... Caredes
I tend to agree with you (though I'd love if the predictions for a $1 come to fruition).

For this to happen a number of important things will need to fall in place:
1. Stage 2 SXEW to replicate HMS performance and produce over and above nameplate.
2. Copper prices to maintain at or above $3.40/lb
3. Increases to reserves particularly grading
4. Three successive quarterlies of net profit above guidance
5. No more capital raisings
6. Relative peace in the DRC

The important points made in this announcement in my view pertained to:
- Copper grade in reserve increased by 10%
- Strip ratio for the Kipoi Central pit decreased by 33%
- Reduced strip ratio will lower operating costs per tonne of ore mined.

I'd be very interested to see revised guidance on lower operating costs....

I still go back to a point I've made previously. As we all know the HMS plant will keep on chugging away producing up to 39,000t cu in concentrate. What happens at the close of 2014???? Surely you'd keep the HMS going (providing high grade feed was available to it) and maximise revenue, or do they sell it. In my opinion it would be a waste to demobilise and sell the HMS plant. Another poster made a good point that they could demobilise and set this plant up at another location.

Either way, exciting times ahead.............