30billion igv mt isa phosphate plus 5b in cu..

GCR:

Share Price: $0.042
No Shares: 600mn

Mkt Cap: Meassly $24mn



Mt Isa
Mt Isa PHOSPHATE:
500Mt'[email protected]%P = 75Mt's of Phosphate

The current spot price for Phosphate is $350-$400 US/t = say $400 AUD roughly

So I.G.V. Mt Isa = 75Mt's x $400/t (current Phosphate Price)

= $30BILLION now even though GCR 20% they have a net attributable amount of $6Billion



Copper Hill:

Copper HIll contains 1.2Moz's Gold 420kt's Copper
using current spot prices ($1000 AUD gold and $4.40 Copper)

I.G.V. Copper Hill = $5Billion


ALL up, $30 BILLION IN PHOSPHATE AND $5 BILLION IN COPPER

GCR is entitled to 30% of the $30bn, so that makes $6 BILLION in Phosphate + $6 BILLION in Copper.



Bargain of the century, do i continue buying, am i missing something or are the figures wrong?????



Thoughts?