Ann: Maiden JORC MRE for Storm, page-35

This is all very exciting. Normally in a resource statement a cutoff grade would be applied with some level of justification for the economic parameters used to generate the cutoff. In this case they have gone almost to scoping study level for the inputs and even show a pit shell with 12Mt @ 1.2% with the ore outcropping on one side and shallow dipping to the north. This one pit that is of a great size for mid sized mining gear or small mining gear would generate 130kt of recovered copper. At US8,420/t (Giovanni33 post) that is US1.1B in revenue.

I have no real idea about plant and infrastructure costs but I would think that it would all come in at much less than $100M so it would seem you could build an operating company from this one deposit and be hugely profitable. And we all know that there is so much more.