copper hill and the chinese

With the large interest in URL of late I thought it interesting to look at Roseby and Copper Hill

URL 128Mt's@ 0.68%Cu+0.06g/tAu = 880kt's Cu + 240koz's Au

GCR 133Mt'[email protected]%Cu+0.28g/tAu = 420kt's Cu + 1.2Moz's Au

Gold is up alot more than copper, so I like the fact that although GCR's Copper grades and thus content is half that of URL's its Gold grade and thus gold contetn is about 5x as much as URL's

On top of this they have secured Chinese backing who are lookin at funding/JVing the development of Copper Hill, they have already taken a stake in GCR at 1.2c and have agreed to provide further funding assistance


"The China National Automation Control System Corporation will review the Copper Hill project in May to assess whether to propose providing a fully integrated mill and plant for copper-gold production as concentrate or stepping up to a roaster with SX-EW (solvent extraction electrowinning) copper plate, bullion gold, acid, and calcine products. It is hoped this approach, from a single, large Chinese manufacturing company, in a competitive global environment, will result in reduced overall capital costs.
Several multinational engineering and technology groups are also reviewing Copper Hill data with a view to assisting with feasibility studies and possibly taking an equity position. Golden Cross has received an approach from one large multinational mining company which is reviewing Copper Hill data as well as approaches from parties offering their project management, engineering and construction management services."