With the MRE area.....Dave mentioned a 40ha coverage initially then his latest was 60ha.
If you take 50 ha, conservative depth of 20m, conserv Cu % @ 2.0 and sg of 4(chalcocite app 5 sg)
500,000×20×0.02×4 = 800,000 cont Cu
Even using conserv 40ha
= 640,000 t Cu = $ 8,166,400,000
No matter which way you slice it, the figures are ridiculously high......and with only a 5% discovery.
There is no doubt the MRE will rerate the sp.....just a matter of patience.
With the MRE area.....Dave mentioned a 40ha coverage initially...
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