Ann: Tiger increases copper resources to 1.1 mill, page-2

re: Ann: Tiger increases copper resources to ... Another $470 M in copper anyone?

Predictable that they would start upgrading the resource now that they have money in the bank, my back of the envelope calculation is that this resource upgarde will trigger a royalty payment of around $5.7 M. So was better to stay mum on that until money was in the bank.

Add to this the maiden resource statement from Judiera (still only Inferred so doesn't trigger the royalty payement I believe) and they have pretty much added another 140,000 T of copper to Stage 2 - and counting!

The Stage 2 NPV of $378 M looks very, very outdated and massively on the low side.

In stark contrast to recent announcements from our friends at OZL. Come on Stage 2.