10.86% cu , page-20

RCPCH00336

60cm @ 6.01% Cu
= 0.04T Cu
= ~$280 worth of copper

30cm @ 10.89% Cu
= 0.009T Cu
= $63 worth of copper

They’ve put the above drill hole result first ahead of drill hole results from RCPCH00341

Which is 1.4m @ 4.33% Cu
= 0.35T Cu
= $2450 worth of copper

Drill hole RCPCH00341 is better than drill hole RCPCH00336
Higher grade doesn’t mean it’s better, their geologist would know this and so by putting 10.89% Cu result first simply misleads those who cannot interpret the results.

Refer to page 5 of the announcement which shows the other drill results. These results haven’t been drawn onto the picture showing the other higher grade results.

For example drill hole RCPCH00342 includes best result of;
1.0m @ 1.06% Cu
= 0.0009T Cu
=$6.30 worth of copper

Even if you consider a 3500m long vein and extrapolate the data using drill hole RCPCH00336 you get the following;

3500m divided by 0.60m. That’s 5833.3 times that drill hole RCPCH00336 can fit into that strike length. Which equals 233 Tonnes of copper. (Also consider true width isn’t known, this means widths may be smaller than indicated)

There is no average grade as yet. If you consider today’s results; there are 12 drill holes indicated on the image for the announcement today and they have drawn the three best results onto the diagram. The average grade will be lower than the results indicated as the best results for this section of the vein.

I do not trade this stock and I am in no way trying to down ramp. I’m trying to inform those who cannot interpret the results and add facts to the discussion. Always DYOR.

Those who mention mining 5000T Cu per month etc. it would be helpful if you can explain where this kind of tonnage will be coming from? Happy to be proven wrong.