Having not a lot to do today, I got onto the Tiger's website and...

Having not a lot to do today, I got onto the Tiger's website and had a re-read
of their latest presentation. I had seen it before, but my attention was drawn to
a slide marked Kipoi Project Economic Indicators. On this slide it gave the
company projections for how long it would take to payback capex at various
copper prices. It went something like this:
Payback @ $3.00/lb - 6 months
Payback @$3.50/lb - 4 months

The obvious point is : Copper is currently sitting on $4.42/lb on Kitco, so even
on my dubious maths that should mean that Kipoi may have a payback time of
possibly 2 months or less, assuming of course that copper prices stay in this
vicinity. This is amazing, and I don't think I can recall a mining project anywhere
with such incredible economics. One can only dream about where a company
like this could go in the current resource climate.

Happy New Year all.