idgits have woken up, page-6

Let's look at Mutooroo for starters. In the last quarterly report there were only nine drill holes over 750 meters. More drilling - a lot more drilling - is needed to establish a JORC resource. Variable thickness and grade was mentioned too. There is also a lot of native copper which has to be taken out of calculatons if it has not already been done. (Same sort of issue if one is looking at a gold deposit with a lot of nuggets/free gold. these have to be taken out.) A mine is being talked about even before a JORC has been calculated by an independent consultant/company. Oh, something I do not recall seeing before a value per tonne put along side a drill core!! No where near a mine let alone JORC - just an assumption.
Kalkaroo as I have said before does not seem to be stand alone on either copper, gold or molybdenum. Looks more like a molybdenum deposit with copper gold credits. One can not use the spot price for molybdenum as it is considerably higher than one wouild achieve for a contract price.