copper confusion, page-7

Roh

RDM hyped up a geological model and the market expected a cannington...that didnt happen and the shares fell logically imo.

CDU has been reporting close spaced holes within the area of the current resource (below the pit where strip ratios presumably negate the pit going deeper). The dewatering holes were drilled specifically down the ore zone and got better than expected grades. Other holes elsewhere in the orebody might get lower than expected grades. The impact of these holes can only be assessed relative to any upgrade in the resource...theres been a lot of drilling and results since the last resource upgrade (or was it a downgrade?). Remember all those wonderfull holes in the jewellry box...and then the resource was announced!...Market is probably bored with specific chosen holes and is waiting for the big picture...again logical imo.

QMN holes are within the resource area it seems and again there will be swings and roundabouts..need a resource upgrade to logically convince the market of the relevance of a couple holes.

SIR has announced a great intersection in a new area that has got some compelling geophysical data suggesting it could add very significantly to the resource base. Logical that the market has agreed as the geological style of mineralisation is probably not an isolated small blip such as wilgar for example....(wheres that company making jorc by the way).

I can see the logic of it all

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