Reference to CDB in previous post refers to Cachoeiras de Binga
From the Simba Mines Web site (note that AUFI is Zebra Copper, subsidiary of FM Ltd)
"Upon final closing of both transactions, AUFI will own an 80% interest in the 3,615 square kilometre CDB property, which according to compiled reports has a measured resource of approximately 131 thousand tonnes of copper metal and an inferred copper resource of 918 thousand tonnes of copper metal. At present copper pricing of around $3.40 per pound, this represents a gross potential metal value of approximately US $7.7 billion. Simba Mines, Inc.?s 5,193,375 shares, which will represent ownership of approximately 30% of AUFI (post the announced restructuring and reverse split of AUFI shares) would represent a potential in gross metal value of around US $2.3 billion. " Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held