Copper Peer Comparisons (Undeveloped Projects, Ore Reserves, PFS or FS), page-31

Based on what The Australian is reporting this evening, Sandfire et al will NOT be acquiring the Golden Grove and Capricorn copper assets.

Owen Hegarty's EMR Capital is forging ahead with its initial public offering of its Golden Grove mine and Capricorn Copper assets, with investors told that the new $1 billion group is to be named 29 Metals Limited.

29 Metals Limited will be chaired by EMR's founder, Mr Hegarty, who previously ran Oxiana (since renamed Oz Minerals after being merged with Zinifex). Former Highfield Resources boss Peter Albert will run the business. About half of the entity is expected to be sold by EMR, although details are yet to be worked through.

The 29 Metals Limited IPO document should make for interesting reading re: the metrics of the deal.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.