whalewatchers excellent blog, page-5

Ahhh 2O2S

Welcome back from the dead. Missed your reparte...and agree, WW, top job mate.

As for 2% to 4% max......as you well know, the average of drill reults only shows 2%, applying a factor based on what little data has been provides suggests toward 4%.....as to the maximum possible, well we will see. I have hopes of higher, and much higher tonnage, but no point even mentioning them as the market is only valuing CDU at 1.5% for a 25Mt tonnage, so lets just take baby steps until Wayno actually gives us something to work with....

So, based purely on actual averages of released assays (method 1), and based on actual true widths and extent of drilling by depth and strike with no real extrapolation, by my calcs we currently have around 50Mt at around 1.3% Cu grade for Las Min, Las Mer and Rocklands (remember, no extropolation of depth or strike). If we apply an upgrade to supergene zones based on released results for assay method 4 vs 1, we have 50Mt at 2.3% cu. If we add on all the potential extra zones and a conservative (well, it is me doing it....) estiamte of depth extension and width, we get up to 90Mt at around 1.7% Cu.

Is it possible tonnages and grades will be higher. YES. It is possible they will be lower. YES.

That being said, I have not sold a single share since buying in at 30 cents, and have bought more along the way at 38, 50, 100 and 420 cents. Putting my money where my mouth is is about all I can do (or is it keyboard...).

Anyhow, fantastic to have you back, I must admit I was getting worried.

As for a squeeky voice, you obviously have me pegged, I still have you in a group of 3 possibles......

Cheers and get well soon, remember that beer in Kalgoorlie when CDU hits $10 again....it may have to be low carb now eh?

Process