based on 268000m of drilling results the rocklands has a resource of 2.27billion tonnes of Copper Metal Eq (chairman's review of updated resource, 18/08/2010). JUST FOR THE MINING LEASE, the measured n indicated category is 30.9million tonnes @1.24%cu. this translates to 383mt of cu. YET the MC @$3.09 is a mere $400+million.
SFR with a feasibility for a 60-70,000 mt mine is valued @ more than a $1billion @ current prices.
the next announcement must address this anomaly!
CDU Price at posting:
$3.09 Sentiment: Hold Disclosure: Held