xstrata to pull plug on tampakan, page-27

To be brutally honest, Tampakan is in A Grade and Frieda is struggling to get a spot on the bench in Reserve grade.

"“At Indophil’s current share price, this values our stake in the project at around 0.4 of one US cent per pound of copper in the ground. This is a fraction of the value historically ascribed to major copper deposit transactions, and is reinforced by the range of US5.5c to
6.0c per pound of copper placed on Indophil’s stake in Tampakan by the independent expert in Indophil’s 21 July 2008 Target’s Statement. The current valuation in relation to Indophil’s share price is, by any measure, an extremely low figure,” he said."

That was said By Richard Laufmann In February when the share price was 25c. It's now 87c which equates to a value of 1.4c per pound of copper in the ground.