high grade zone, page-31

From the presentation that WW referenced in the lead post, we can see that there are 43 blocks with an average of 10.00% or more, ranging up to two blocks with 16.26% and 16.66%. The average grade for the 43 blocks is 12.04%.

Each block is 2m x 5m x 12.5m = 125 cu. m., about the size of 2 standard 40' containers. Because they are high grade zones, let's say the s.g. is 3.0, which gives us a tonnage of:

125cu. m. X 43 X 3.0 = 16,125t, @ 12.04% Cu = 1,941t of copper.

None of these blocks' averages are really suitable for DSO, with only 8 of them over 13%, and none over 20% which is the generally considered minimum, so let's say that for all these blocks the JORC really is out by 100%, and the average grade for this, the jewellery box, is 24.08% for a total copper tonnage of 3,882t, which at $5,000/t gives gross revenue of $19,410,000. Less costs, say $15m, or 6c/share.

So the JORC says the jewellery box has Cu ore over 10% worth 3c/share, to actually get 86 containers worth of 20% plus DSO (enough to two-thirds cover a soccer pitch) I've doubled the JORC. How many containers in what they've already dug up outside of the JB? Presumably those who went on the site visit can tell us what it was at the end of last November.

So whether hoots is correct or not that the DSO is factored in, it'll be difficult to tell from the sp as a 6c movement is neither here nor there on a daily basis.