Glad to see old HC is back. Here is my post on the horrible...

Glad to see old HC is back. Here is my post on the horrible "new" HC this afternoon.

Searching the web,I find that the only on production copper mine similar to Yandera project in size and grade is Sweden Boliden Aitik copper mine.

Actually, the ore grade at Aitik is lower than Yandera. As of November 2009, ore reserves were 747Mt grading at 0.25% of copper, 0.14g per tonne of gold, 1.7g per tonne silver, and 29g per tonne (0.0029%) molybdenum.

Please enjoy the following Aitik copper mine information and the inside wonderful video.

http://www.boliden.com/Operations/Mines/Aitik/

It is quite interesting to read Boliden 2012 Annual Report, specially about the Aitik Copper mining information.

http://investors.boliden.com/files/press/boliden/201303076769-1.pdf

The proven and probable reserve at Aitik is 702MT at a grade 0.24% Cu, 0.14g/t Au, 1.6g/t Ag and 26g/t Mo.(see page 117)

Actually this unbelievable low grading copper mining is still profitable for Aitik base on a prediction of $6300/t copper price and $1200/oz gold price in the future. (see page 116)

The cash cost is only US$1.23/lb for Aitik copper mining in 2012 (see page 120)

The mineral resource at Aitik increased to 2757MT, at an amazing low grade 0.17% Cu, 0.1g/t Au,0.9g/t Ag and 23g/t Mo. (see page 118)

A mineral resource is a concentration of minerals in the bedrock that is present in a form, quality and quantity that means there is a reasonable possibility of it becoming commercially extractable. (see Page 115)

By the way, Boliden is a great Swedish mining company. The average total shareholder return on the Boliden share over the past 10 years was 30 per cent per annum and 1,320 per cent for the period as a whole. (see page 33)

Operating profit for Aitik copper mining in 2012 is 1692 million SEK, about AUS$ 250 million.

Operating profit for the parent company Boliden Group is 4071 million SEK, net profit is 3274 million SEK (see page 119-120), with a market capital around AUS$ 4 billion today.

Cheers