stix1771, it was an honest mistake on my part. If you have seen me post elsewhere, you would know that I conduct a fair bit of DD on stocks that I care to discuss. I wouldn't have wasted my time to post on a Saturday night if I was just going to "troll" the stock. Reading the metallurgical tests, things are a lot clearer.
Just curious, does anyone have any response to the other query I had. Still trying to get my head around the value of the agreement...
They reckon the project could be worth $1B in revenue a year, which would require 120kt of copper equivalent product to be sold each year. The resource has about 1100kt of copper equivalent in it. That would support only 9 years of sales, not 20 as was made out to be the case in the announcement. The only way the copper eq. resource can be increased is if the native copper can some how be proven up to JORC standards. The other way they may have arrived at 20 years is if they plan to branch off the Wilgar prospect to the same partner when it is further advanced. If this can't be done, it seems like the value of Rocklands in the announcement recently has been overstated, no?
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