Jeeze, 2 billion tonnes at 0.72% Cu equiv......wow!I assumed 1...

Jeeze, 2 billion tonnes at 0.72% Cu equiv......wow!

I assumed 1 billlion tonnes at 0.8% Cu and assuimed good metallurgy and 30Mtpa process rate. At the magic $1.50/lb, it's value (based on my assumptions) is over $3.00 a share.....however, there are huge unknown's and the fact that Xtrata already have pre-emptive rights to 62% of the project which may dampen things????

Interesting, not bad!

Process