Actually BRETTO, it was only 3,270m of core, and the CuEq turned out to be 3.95%, as per the June quarterly in 2011.
With an sg of less than 2. If that is truly representative of the sg of Rocklands, rather than the 2.75 used in the JORC, that reduces the M&I resource down from 30mt to 22mt. Note also that the sg of the first bulk sample was 1.67 according to the data supplied by the company.
Interestingly in that same quarterly the company says that:
"China Oceanwide agreed to purchase a minimum of 60% of the total product from the Rocklands project"
Total product - means 60% of everything.
And also says:
"Off-take agreement for Sale of Mineral Concentrates from ...... "
Who knows what they mean. More to the point I suppose, what do OW think they've signed up to?
just quoting, page-2
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