copper us$3.15, page-7

Well the TSX hasn't helped a lot last night, still around current levels despite copper and silver climbing again. It really is amazing how high the price of copper has risen in only a couple of months.

I was reading the Annual report yesterday and the 500% resource increase over 05 was great. But there is a real drive to further significantly increase the resource estimates with a highly aggressive exploration plan underway now. The teaser that there was some potential for more resources around Dik was also encouraging.

But it is the Kinsevere and Nambulwa copper-cobalt deposits that is really exciting. Real long life potential at high grades of copper.

I'm comfortable knowing that a hell of a lot is happening on the ground right now. A period of consolidation before the next surge upwards I think.

All the best

KKR