copper jumps to four week high, page-5

Thanks for the report.

Kawartha are you there? I had another question for you please if you are reading.

I sold out a portion of my TMR shares to purchase some more CFE as it looked like near certain gains. I am now considering reentering TMR (I still hold a large amount) and would like to know as much information about current and future grades to make as informed a decision as possible.

You have posted this previously:

"Punitaqui reached the 3000tpd operating rate in Q2 2008 – grades at 1.2% Cu"

The nearest I could find to such a statement is this:

"Ore grade running 1.1 – 1.2% Cu - below life of
mine resource grade of 1.5% Cu"

From the May investor update, this indicated the grades are running at between 1.1-1.2 but you only stated 1.2 in your post. Is this where you got the information from and just chose the best case scenario or did you receive this information from the AGM? And if so, could you please expand on it any further?

Also, I was concerned from the graphs displayed from the AGM re: costs and grades that the high costs and low grades extended on the graph past the end of the last quarter, ie into April. Was there any mention of this at the AGM or does anyone have an opinion of this?

Also, Kawartha, or anyone else, you have mentioned the results from AI as being great, would you care to make an educated guess or provide any more information as to what kind of grades they will be averaging out, as I am not sure how good these results are, and apparently, giving the variance in opinions, I am not alone.

Thank you in advance to any replies.