I think the grades are OK. You're probably looking at a chunk of the Earth 400x400x400m (at least!), which is probably a good 200Mt at around 0.4% Cu. You'd tackle this with a 10mt per annum open cut mine and would produce around 40,000tpa copper, probably with costs around $1.50/lb.
If you found that the strike length of 1200m+ was all equally mineralised you'd get 600Mt and would probably start looking at 20Mtpa operations, etc etc.
May I remind everyone about EQN, which is running a mine on these grades.
Of course, AIM has to stay alive to see mining take place, but so far so good. I think these drilling results are excellent, and I'd be buying this if everything wasn't so knackered right now.
I think the grades are OK. You're probably looking at a chunk of...
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