The Real StartThis is from the 2006 report"A preliminary desktop...

The Real Start


This is from the 2006 report

"A preliminary desktop economic study by an independent consultant of a 120 million tonne
hypothetical reserve (with parameters relevant to the Kodu Deposit), suggests the Kodu Project
could be very financially attractive if the present Inferred Resource can be converted/ upgraded to
the hypothetical reserve.

Copper grades utilised in the hypothetical reserve were ~10% lower than the Inferred Resource and gold
grades were ~20% lower. The Kodu deposit is open at depth, along strike and around the annulus of the
intrusion and is considered to have good potential to increase resources and convert resources to
reserves."


The word "hypothetical" spooked the market back then.

this time the conceptial mining study will give us hard facts.