Asf,The revised resource only included minor updates based on...

Asf,
The revised resource only included minor updates based on data from a few drill holes so no real news here. Of interest they are now reporting the resource at a 0.3% cutoff grade rather than 0.7%. This indicates that the PFS is leaning towards a large bulk mining project. With a resource of 0.8Bt at around 1% Cu eq, Big C is a tier 1 project. Given the successes at Khamsin and Fremantle Doctor, the 0.8 Bt is likely to grow over time.
In terms of PH, the pit won’t be exhausted until 2018, so 5 years of open pit remain. We all know that cash flows will increase significantly from the pit moving forward. Add additional production from Malu UG PH should be producing around 120Kpa from 2015 to 2018. Costs will obviously come down with higher production.
I am looking forward to the 2013 reserve statement for PH as there were some reconciliation issues flagged in the last quarterly. These issues were described as only occurring in the eastern periphery of the pit, not the main ore body so hopefully there are no issues here.