good announcement?, page-5

copper credits $22 million pa Company said today they will produce 8,350 tonnes of copper over the 4. 25 year initial mine life. Copper is now $A9,500 per tonne (they used a figure of $A7,333)

At $9,500 pt comes to $80 million, as a credit to their gold mining operation.

Silver to be produced will be 550,000 oz, will generate a further $9.9 million credit. ie copper/silver credits of $90 million/ or an average of more than $20 million PA. (AS A MINING CREDIT)

Their price assumption used for gold today was A$800 per oz - its now $860.

Also JV with Extract @ 20,000 ozs nett to TTR, will generate another $5 million after tax profit.