Lionhunter... I think this question may have been directed to...

Lionhunter... I think this question may have been directed to Raks, but this may have been the basis of calculations...hope it helps

On January 22, 2004, a prospecting license was issued, by the Republic of Angola, in favor of "Sociedade Mineira Simba Jamba, LDA," a subsidiary of Simbajamba Mines Ltd., for exclusive mining rights in the area to carry out prospecting, survey and reconnaissance operations for metals exploration.



In an effort to determine the mining viability of the licensed area, SML retained the services of Eur. Ing. Dr. Michael H. Smith, FIMM, C. Eng. of Perthshire, Scotland. Dr. Smith is a qualified Economic Geologist with a record of practicing in the Mining Industry as well as recognition by the European Commission and the World Bank as an approved consultant. He currently practices as "Natural Resources Developments" and also acts as Senior Associate Consultant to CSA of Dublin, Ireland. He is a Fellow of the Institution of Metals, Materials and Mining, a member of the Irish Association of Economic Geology, a member of the Gemological Association, a Chartered Engineer and a Euro - Engineer.




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Dr. Smith's Report was based directly on his evaluation of the work programs and data generated to date, his personal experience of Angola and meetings with principals. He holds an extensive database on Angolan mining - colonial as well as post - colonial. He also visited the Ministry of Mines and Geology in Luanda and carried out a three-day reconnaissance study of the licence area during May 2004.



Dr. Smith concluded that the licence awarded to "Sociedade Mineira Simba Jamba Lda" is prospective for stratiform base - metals associated with the Lower Cretaceous basal Upper Cuvo Formation. He indicated that Copper is present as Bornite, Chalcocite, Chalcopyrite, and secondary Chrysocolla in sandstones, siltstones and conglomeratic sandstones.



In and around the licence, earlier investigations before 1971 identified various deposits including Cachoeiras de Binga (Cu), Novo Redondo (Cu) and Loeta (Zn). In 1971, the Angolan Geological Survey reported the results of their work at Cachoeiras de Binga where 7 million tonnes of ore grading 2% copper were identified (151,000 tonnes Cu). Subsequent work by the UNDP (Croese 1983) indicated that the area of mineralization and the potential for resources was considerably greater. (Inferred resource of 1.25 million tonnes of copper).



The licence is straddled by 125 kilometres of the strike length of the Basal Cretaceous and all must be considered prospective. Within the licence, copper reserves have been proved. Many occurrences of copper and base metals exist. The prospectivity of the licence merits a considerable effort on exploration with a high probability of economic success based on proven reserves. The existing proven reserves should be economic at today's copper prices and given the coastal location of the deposit. The potential for reserves addition in the adjacent areas will make the licence a very significant copper producer.

7/2/08 CVI ASX Release�� Angola: Longonjo Update (EXTRACT)

�Fortitude controls 15000 square kilometers of prime mineralized areas in Angola which includes 5 copper licences running along the western seaboard of Angola. With the arrival of a second rig, drilling of the principal target Cachoeiras De Binga is scheduled to commence by May2008. The objective is to confirm the 6000 metres of historical drilling to a JORC standard in order to complete a bankable feasibility study for production of copper.�



6/12/07 CVI ASX Release�. Restructuring of Longonjo & Ucua (EXTRACT)

�Included amongst the copper licences is Cachoeiras De Binga on which over 6000 metresof core has been drilled. A non JORC compliant resource of 7.1 million tones of ore grading 2.14% copper has ben identified there already. The immediate objective of Fortitude is to bring this resource to a JORC standard.�