copper fundamentals , page-3

Vale option on Trindale North worth 3 to 4 cents per share.
Cash on hand worth 1 to 2 cent per share.
For each 100,000 tonnes of copper mined on the newly awarded trial mining license cost $3000, sell $7500 worth $450,000,000 gross profit. (45 cents per share)
Management targeting 1,000,000 tonnes of copper. Hence, potentially $4,500 million in the ground. 1,000 million shares on issue full diluted approx. $4.50 per share future gross profit. Yes, we have to be patient and it is obvious that we are not :)
I think I’ll hang on to my shares, 10 cents seems a bit on the cheap side :)

PS The only gap I'm interested in is the one you'll see in my smile when we get some momentum out of the announcements we'll see this quarter and in the rest of the year.