copper confusion, page-9

roh

"You have not explained why the market reacted favourably to the first hole reported by QMN but not to the second hole which I thought good also."

well roh im not the market so i cant answer that ...

Id guess though that the first hole appeared to show new stuff and subsequent holes havent found as much or there is a realisation it is all close to the current resource...who knows. There is also corporate changes at qmc that might be clouding the issues.??

With CDU there has been numerous 'discoveries' reported over the years and perhaps the market wants proof of this via jorc resources. Interesting to note I think the planned annual production from oyu tolgoi (450,000 tonnes Cu),is about the same as the entire 30mt jorc resource of the discovery of the decade...hmm equal to one years production..perhaps decade is a bit optimistic. Perhaps the market is realising the scale of these numbers?

thats about all the logic i can spare for a friday..

xx