more good news, page-11

thanks psi81. 4.3Mt reserves and 8 yr life are consistent with annual ore production of 550,000 tonnes.

based on 8 yr mine life, an npv calc may be more appropriate than PE ratio? if they can double the reserves/life then a more attractive SP could be supported by a PE ratio.

and if grades increase 25% (from 1.6% Cu to 2%) then presumably profitability would increase by significantly more than 25%; (same costs but 25% more Cu sales) ...

k