is this a buy?, page-29

Oz - I expect the reporting JORC rules are unchanged so the company is still limited by the block modeling regime - I tend to agree with Bretto updating the JORC while a reporting requirement is unlikely to prove the company theory about the whole 30mt being able to average 3% cu grade. We will have to wait until the maiden dividend is announced to dispel the doubters of the nugget effect .

This article reported to Quote W.M the revenue stream would be close to $1b per year but I think he was expecting copper to be $10k per ton by now - The article was denied as a mix up in translation.

"The Rocklands mine, near Cloncurry, Queensland, will have a 10 year exploration time frame and an annual production capacity of 3 million tons. It is expected to generate about $960 million in revenue annually, said McCrae"


hOOt


China Daily article here