smells like a takeover, page-14

Hi Fedexpress,

Just have a look at the following link regarding cost of copper projections and cost...

http://www.eqr.com.au/Uploads/Equinox%20Dec05.pdf

You will see that even with a copper price at $1 per pound we have a pay back of the mine in less then 5 years.
The whole project has a mine span of more then 20 years.

At a price of $1.20 per pound the pay back will be in less then 3 years.

Keep in mind that the current copper price is around the $3 per pound....

This mine is going to start producing copper next year and will be in time to catch the high copper prices.

In my opinion this is going to be a great performer for the next 12 months or so and beyond

jojo