I agree Yorick, as you can see from my post.Actually when I...

I agree Yorick, as you can see from my post.

Actually when I wrote this I was trying to be as conservative as I could.

RBM has every chance of being better than Copperco and in terms of drilling results has a lot of Cudeco about it. I have noted on some of Cudeco's recent holes that they virtually have no Cu in the first say 80-120 metres then the higher grades start.

Almost all of RBM's holes start in good grade Cu from surface or near surface and grades are usually increasing with depth.

Being near surface, it will be relatively easy to mine.

Re trying to be conservative, my average of 3 mill tonnes per pipe may be on the low side. Punchbowl could easily be 10 mill tonnes all by itself. So the average could easily be over 4 mill tonnes per pipe by 30 pipes = 120 mill tonnes.

Also the average grade of 1.5% Cu could easily end up at say 1.7% Cu.

And don't forget the theory that the pipes must originate from somewhere. A large lower grade orebody at depth (probably below 400 metres) ??

This is upside and probably not worth worrying about now. The system would need to be around 1% Cu to be economic being at this sort of depth so that is for later down the track to be pondered.

But what if this system does exist and turns out to be high grade ? We would have a monster on our hands then.

Flipper