anyone watching, page-36

WBD . It is far too early to compare Los Calatos to Escondida but what Fang and I have been saying is that it has the potential to be as big .It will not be as higher a grade as Escondida and LC needs to show that it can be mined as an open cut operation initially .I think the grades will increase from this round of drilling as they realised at the end of the last drilling campaign that they had drilled through a collapsed structure to the west . some of the targets look deep as well so MNC needs to show that there will also be new copper discovered close to surface . they are going to drill some very deep holes to understand the potential size of the area .i am worried about the Barrack situation but remain confident a commercial deal will be done . THEY HAVE NOT SCRATCHED THE SURFACE OF LOS CALATOS AND I BELIEVE IT WILL BE AN ELEPHANT . Time will tell .