copper grades, page-3

actually FNT is higher, .56% copper equivalent, you may have been looking at the pure copper grade

more importantly, for me at least, is the significant gold grade. MGO is a copper moly deposit. FNT is copper gold moly. I am a gold bull, I believe we are looking at $1000 plus per ounce within ayear and its going to stay at the level or above for a while. If you believe that then odds are Kodu is going to be economic andcopper will pay most of the cash costs and the gold is for almost free. If they can prove up 200million tonne they will produce 120,000 ounce pa of gold at low cash costs ( assuming the copper price doesn't totally cave) which will put this stock over a couple of bucks.

Of course they will need to farm in a big guy or simply get taken over to develop the deposit. And they need to prove up a 200million tonne reserve.

One for the bottom drawer. I woudn't be selling.