pe ratio / profits, page-23

Conix
The numbers they must work from is
3 Mt/a
Cu equiv. under 1.5%

The establishment has lambasted the company.
When they have stuck the preferable stick up where the sun don't shine what is the likely thing the co might do

The definition of a 3Mt/y plant is, now that is interesting, because given what has happened the best way to get the establishment shuddering is to make the plant produce more. I suspect Sinosteel would be on side for that one.

Grade well we really don't know that but it could be over 4% copper not equivalent.

Glory box, well the rumour is 4 years. The cross trench and fairfield may change that to plus six years, we really do not know the answer.

Wilgar will be a separate operation and a relatively small one at that, but as they say wait theres more. With the share price capping that Nev has so well documented I believe this has resulted in the company possibly not sending the deep drilling down in places like Wilgar. That stuff got there one of two ways, it either came from above or below. If it came from below, then their might just be something really interesting below. Share price capping would effect management decisions. If you drill deep (180K a hole) and find something interesting and the share price is capped you are basically chasing your tail.

So the upside to all this is possibly bigger than any of us are game to put a number on. If the plant is bigger and the grade is above 4% plus extras and the copper price ends up high and we add on a plant at wilgar topped off with some deep drilling in 15 months time and lastly, now I really must mention this, anyone seen the fairies at the bottom of the garden.