30.3 mt @ 1.70% cueq, page-82

I have no problem with the figures given by PP. They are the numbers, (though present Cu and Co prices look to be in a short-term dip).

If I plug PP's conservative $1.22 CuEq figure into my spreadsheet I still get around $0.80 EPS.

With a PE of 10 thats a share-price of $8.00 in 24 months (a 60% cumulative return per year on todays price). Fully funded. Worst case scenario.

Of course this assumes -:

- there has been no under-reporting of the copper grades. i.e RC drills can pick up 1kg nuggets (unlikely)

- copper, gold and cobalt prices don't rise in the next 2 years (unlikely)

- no new discoveries (unlikely)