better than sandfire

The Australian.
As we know Rexie is only a quarter of the price.

THE recent run of copper discoveries is set to continue today, with Rex Minerals ready to confirm its wholly owned Hillside copper project on South Australia's Yorke Peninsula as one of the biggest in Australia in recent times.
The Ballarat-based Rex went into a trading halt yesterday before the release of the initial resource estimate. The market is expecting the maiden estimate to come in at significantly more than 500,000 tonnes of copper and more than 500,000 ounces of contained gold.
That would prompt immediate comparisons with the highly rated DeGrussa copper/gold project in Western Australia. DeGrussa's owner, Sandfire Resources, recently announced an increase in its copper resource estimate to 533,000 tonnes of copper and 559,000 ounces of gold.
Sandfire is now a $630 million company. It is being stalked by OZ Minerals as a potential takeover target. Rex was last valued by the market at $190 million ($1.67 a share).
The main difference between DeGrussa and Hillside will be the grade. Sandfire estimates DeGrussa's grade at an exceptional 5.5 per cent copper and 1.8 grams of gold a tonne. Hillside's grade is expected to be around the 0.6-0.8 per cent copper level.
While low in comparison with DeGrussa, the expected copper grade is well above global averages. The gold grade at Hillside is also expected to be lower than DeGrussa's at about 0.2 grams.
But Hillside has infrastructure advantages on the Yorke Peninsula and its mineralisation starts close to the surface. Hillside is 12 kilometres from the port town of Ardrossan. Dolomite from a nearby mine owned by another group is shipped through the port. The company considers today's announcement important enough to have called an 11.30am analyst briefing.
Investor interest in copper discoveries is heightened thanks to the price rebound in the red metal - from below $US2.90 a pound at the start of the month, to $US3.19 a pound.
The price rise has been in line with stronger than expected copper consumption in China, where it had been thought Beijing's attempts to slow the economy would hit demand.