From the latest ASX announcement:
"2013 Resource Model
The current JORC 2012 resource estimate was reported and classified at a cut-off
grade of 0.5% Cu in June 2013 (refer ASX release dated 5 June 2013 and Quarterly
Report released on 31 July 2013), although the model was developed using
wireframe models using a cut-off grade of 0.18%. The prevailing AUD copper
price at the time was about $7500/t, compared with a current price of $14,000/t.
Given the significant increase in Cu pricing an assessment of the model with respect to grade vs tonnage
sensitivity is being undertaken and expected to be completed next week."
Roll on next week!
What cut-off grade will they use in this report - any guesses?
DYOR
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