have they really discovered anything new?, page-2

Juggernauts

Do you know how they calculate the in-ground resource? I don't, but I'd hazard a guess that even if the tonnage remains the same, the average percentage of copper would logically increase based on higher grade results.

So for the sake of the exercise, let's say the % increased from 11.65% to 15% copper. That increases the copper resource to 31,500 tonnes, an extra 7,000 tonnes.

That equates to an extra 14,000,000 pounds of copper which, at $3/pound is an extra $42,000,000.

That's a huge difference for a micro-cap company and is probably what got the market so excited.

Are you sure you're not just being cranky because you missed out?