copper equivalents??

Previously posted asking some help for copper equivalent of recent drilling compared with formula used by Peel, but think I have it.. have also looked the KDR copper equivalent equation. Only reason is to see how good KBL's exploration is compared with the results from a couple of other peers that have performed much better than KBL on the share market.

After analysis, PEX excludes Zn and Pb, KDR includes Zn and Pb. What was a little surprising was the comment that recoveries were not taken into account (isn't that the metal you actually can extract and sell?), but ran each formula across KBL's results to get an apples with apples view. I have not included PEX and KDR data as this is a KBL forum - if you want to see their results, they are available on the ASX. In no way am I saying that these results mean anything other than just to get be able to compare results. I don't think Pb and Zn are saleable with Cu too.

KDR and PEX use $7,500 copper, $30 silver, $1,500 gold, $1,900 zinc and $1,900 lead.

I have labeled each copper equivalent scenario vKDR and vPEX

- KUPH004 (13m @ 2.4% Cu, 0.9% Pb, 1.4% Zn, 8g/t Ag, 0.4g/t Au) = vKDR 3.3%, vPEX 2.8%

- KUPH005 (16.1m @ 3.8% Cu, 0.8% Pb, 2% Zn, 9g/t Ag, 9g/t Au)= vKDR 10.4%, vPEX 9.7%

- KUPH007 (3.75m @ 7.3% Cu, 0.5% Pb, 1.7% Zn, 16g/t Ag, 2g.t Au = vKDR 9.3%, vPEX 8.8%

- KUPH009 (4.45m @ 8% Cu, 2% Pb, 2.3% Zn, 20g/t Ag, 3g/t Au = vKDR 11.3%, vPEX 10.2%

I am not really a fan of copper equivalent as the basis for a drill campaign (too many variables that are not taken into account - recoveries, cost to extract, metals that have no value to a customer, etc). Just thought as KBL shareholders it would be nice to see how we are going using the formulae used by two companies that have had a good string of exploration announcements (and good share price lifts)