Ann: Maiden JORC MRE for Storm, page-11

This is hard to comprehend
It's a cash printing machine in the making!!!!

COST ASSUMPTIONS
Given the shallow depth of mineralisation at the Storm Copper deposits the assumed mining method
is open pit. A selective mining unit size of 5 m x 5 m x 2.5 m was chosen. Pit slopes were assumed to
be 44 degrees. No geotechnical studies have been completed to date to support this assumption. A
requirement for shallower pit slopes may result in a material change to the open pit resources.
Open pit mining assumes a copper price of USD$3.85 per pound (USD$8,487.90/t) with 90% recovery
of total copper. Cost assumptions were used to determine the reporting cut-off grade: open pit mining
cost (USD$5.00/t), processing (USD$10.00/t), and G&A (USD$12.00/t). Processing costs assume the
use of ore sorting and jigging/dense medium separation techniques rather than traditional floatation.
Cost assumptions were based on parameters used for comparable deposits.