re: on the move? - ta anyone? Reading the report now...Valuation...

re: on the move? - ta anyone? Reading the report now...

Valuation is C $6.00 or Aus$0.66 equilivant.
Rating : Sector OUTPERFORM

Some items I find interesting...
- New resource model Dikilushi will be available in October (resource expanded further?)

- 'Longer term, the company has several projects and is considering new aquisitions, both of which could provide additional low-cost near term copper production'. Notice 'LOW COST', hopefully that will offer some relief those worried about share issue speculation.

- Earnings per share estimate for 2004 = Can $0.65c, 2005 $1.65 - man those numbers look fine!

- NPV and valutions only considers existing resources within Dikilushi, no credit for exploration potential so valuation is conservative

- The Net Smelter royalty runs to 2007, damn! I thought we were getting close to paying that off.

- 'The DRC Copper Belt is Elephant Country' - they've been reading my posts, that's what I said!

All in all as good a recommendation you can get!