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h00ts

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03/08/14

19:18

Post #: 13761697
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Originally posted by roh ↑

From the 29th July report "Based on the resource model estimates over 30,000 tonnes of CuEQ metal will be sitting on the stockpiles shortly.
We have also been advised LM1 pit has reached the bonanza zones with some of the most spectacular grades between 50 to 80 metres which are about to be mined.
We have also been advised mining ore grades from the number 1 pit are increasing as "Extremely rich supergene zone unique to Rocklands [central Las minerale ] reveals some of the world's highest grade copper ores known to exist - with many museum specimen quality samples being recovered".
Now as it has been reported that MORE than 30,000 tonnes of CuEQ metal is in a bit over the million tonnes mined to date , at least 90,000 tonnes of CuEq metal would be processed in a full year's production from the three million tonnes per year throughput.
If only 90,000 tonnes of CuEQ were produced and taking a figure of $7,000 per tonne, the gross profit for the first year would be $630,000,000 dollars.
This could be exceeded as there is MORE on the stockpile than 30,000 tonnes and that contained some lower grade ore . The richer ore is now being mined.

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Hmmn - Small problem ROH lets halve that to 15000t of copper !!! the rest is CU Eq and its yet to be determined if the by products can be sold particularly given the rail spur is now in the to hard basket - so lets halve the $$$ and then we need to know how much of those 15kt copper dollars will be needed to complete the capex spend ,

Sorry just more down ramping ( reality ) to digest - Common IP chime in with some facts to counter these comments ??

CDU Price at posting: $1.72 Sentiment: None Disclosure: Not Held
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gross profit, page-2

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