take off!, page-9

Just a reminder from a few reports of late:
"Observations from both holes would appear to confirm the dipole-dipole Induced Polarisation modelling which identified an anomaly averaging 0.9 km in diameter at chargeability levels typical of porphyry copper-gold deposits.
Porphyries in the Asia region include Newmont operated Batu Hijau mine in Indonesia (published information ? reserves 563Mt at 0.27 g/t gold and 0.40% copper, 2009 production 550,000 ounces of gold at US$214 per oz and 498M lbs of copper at US62 cents per lb.) and the Newcrest declared
Cadia East Underground project (published information ? reserves 961Mt at 0.61 g/t gold and 0.33% copper).
A 7% interest in Batu Hijau (the 2009 divestment requirement) was sold last month for US$247M."

This may well be the biggest understatement for RED in the past 6-12 months, come on RED management bring on those MAPAWA drill results