ann out , page-41

Am I missing something from Table 1 in the summary? A comparison between the 2011 and 2012 resource figures shows a shortfall of 197Mt of ore in the global resource and a reduction of 510,000t insitu copper metal - ouch, thats a lot!! Anyone care to check my figures. Also Table 1 should show the average grade for Mo and Au from this copper resource block model. Personnally, I am not overly impressed and so decided to opt out today and redirect the funds to a current copper producer because IMO Marengo is a long way off from development and will be a higher cost copper producer with significant risk exposure to future copper price adjustments.