Mt Cannindah inground value US$750 million72,000 tonnes of...

Mt Cannindah inground value US$750 million

72,000 tonnes of Copper
91,000 ounces of Gold
3,600,000 ounces Silver

JORC Does not include copper superegene mineralistaion which starts 13 metres from surface


Wolfram JORC based on 20% of the known strike. Plant is capable of treating 250,000 tpa. Agressive drilling campaign very soon when things settle down. Blasts outside the pit have recovered large visible signs of tungsten. Same plant can be used to treat ore from Bambord Hill EPM within 20km from Wolfram

Company has already announced drill results outside the pit and not included in the JORC (see announcement 19/10/2007)

Moly & Tungsten fundamentally strong. Check report by VML on world tungsten demand.

Check this report for global outlook on moly from Sprott

http://www.sprottmoly.com/pdf/moly-outlook.pdf