With more resource to add & build when Canadian summer starts...

With more resource to add & build when Canadian summer starts for further drilling, Marg certainly looks like it can well & truly be our flagship copper project.  Its scoping study is pending, but I have no doubt the outcome will be positive & management will move straight on to PFS.

Here's why:

As it stands, the resource (indicated and inferred) in Marg is as follows:



3.5% CuEq in 9.8Mt equates to around 343,000 tonnes of CuEq.  The value of this currently is around U.S$1.75 billion assuming US$5137 per tonne of copper.

The Jane zone has the potential to unlock more resource and substantially increase the value for the entire Marg project.



In comparison to Fyre Lake, our Marg has better access to infrastructure.  There is a 40km winter road connecting Marg to Keno City.   Furthermore, the Yukon government has recently approved the upgrade of existance transmission line to Keno City from 68kV to a 138kV line.

If and when it is announced that scoping study is positive, the market will re-rate our little company very quickly.  We are trading at $5.5 million currently.  A quick rise to $15 - 20 million is certainly not out of the question.