CLA-mining considerations, page-4

Thanks PK

So I went hunting for anyone interested there is some interesting info in here. I would suggest looking at the data for Mufulira pg 5-6

http://www.hkexnews.hk/listedco/listconews/sehk/2011/0513/00805_1074520/EWPGLENCORE-20110511-43.pdf

The TL;DR is they were successfully doing UG on 4m true-thickness ore veins at 2% copper. On a CuEq basis we should get close to this especially from the west end. It is also worth noting that this report was done in 2009 which is historical low point for Cu pricing. If Cu and Co keep running during this commodity bull run it makes our lives a lot easier.

However the other thing worth noting is that they have their own concentrator and as such were producing Cu concentrate grading 41% and as such were doing their own value add which helps overall project economics by vertical integration.

But overall report in my opinion back up info passed on by PK. No offense PK I like to personally verify for my own knowledge and comfort. Appreciate you pointing us in the right direction though.

I think met-work is our next major step as a range of sources seem to be suggesting that an OP/UG combo is definitely viable. Our main task now is ensuring payability.