Ann: Major New Copper- Silver Project - Kangeshi , page-3

re: Ann: Major New Copper- Silver Project - K... why?

the exploration target relatively small, atm

too small for Vale

25-35Mt @ 0.8 to 1.2% Cu = 225,000t of recoverable metal or 22kt per year over 10 years

plus it is not all open cut with underground required

plus the grade is low for underground

it starts at surface but heads down to 200m deep

BFE sure have picked up some uninspiring projects, imo