ann coming ?, page-24

Hi Bloo

IMHO this last ann hasn't really added anything to the reserve/resource base and the upward momentum of the Sp has been largely reliant on new or anticipation of better grades and an ever increasing resource base.

Yes, it's confirmed the presence of copper but the grades are so marginal as to possibly rule this area out of a pit design unless an appropriately large process plant (upwards of $150-200m) is to be built to process the lower grade material.

Just at face value I don't see enough HG (ie 2.5% to 7%Cu) material at depth to justify the mining cost or to justify including the LG material above it in a pit design.

That's only my opinion relating to these latest results and has no bearing on earlier results, but for my money these results would be of more interest in terms of an expansion of an existing mine rather than a prospect one..

hope this helps...