Have a look at the Simba Mine web site and have a look over past media releases to gain some insight into Zebra Copper and what Copper plays it is involved in - note that Mark Smyth was former CEO of Simba Mines
From the Simba Mines Web site (note that AUFI is Zebra Copper, subsidiary of FM Ltd)
"Upon final closing of both transactions, AUFI will own an 80% interest in the 3,615 square kilometre CDB property, which according to compiled reports has a measured resource of approximately 131 thousand tonnes of copper metal and an inferred copper resource of 918 thousand tonnes of copper metal. At present copper pricing of around $3.40 per pound, this represents a gross potential metal value of approximately US $7.7 billion. Simba Mines, Inc.’s 5,193,375 shares, which will represent ownership of approximately 30% of AUFI (post the announced restructuring and reverse split of AUFI shares) would represent a potential in gross metal value of around US $2.3 billion.
A major work programme is planned to commence on the site as part of a bankable feasibility study to convert the measured resource to a proven reserve status, so that plant construction can commence as soon as practicable.
The fact that CDB is on the coast, with close proximity to water, power, a deep water port and a nearby town, suggests that operating costs for mining this project should be low. Based on our current schedule, it is contemplated that the CDB property will be brought to an initial production level of around 20,000 tons per annum."
City View appears to have its fingers in some in some interesting pies
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
