compared to other mines, such as the Phelps Dodge Morenci mine...

compared to other mines, such as the Phelps Dodge Morenci mine which is in production, and the Phelps Dodge Safford mine under construction, Ann Mason has great potential.

Morenci goes to depts of greater than 400metres. Like Ann Mason, these are massive centralised ore bodies, which can become mineable due to their sheer size.

PacMag will bring out its scoping study results in December, so I wouldn't be a seller until then...

Add on top of this, the focus the company wants to put on generating cash flow from their Australian Blue Rose copper project, and the very likely uranium spin off, there is huge potential on this one.

Commodities too are now entering a seasonal period of strength. India announced GDP growth of 8 percent a few weeks ago, China is growing at 12 per cent - which is most likely understated, so the demand for base metals such as copper is going to be strong, with prices likely to rise strongly into December or January.

The market has priced in that copper prices will fall over the coming years, but in light of those GDP growth figures, it is difficult to see how.

Remember, the Ann Mason copper grades were measured at USD 1.09lb copper. Last time I checked, copper was trading above USD 3.

Jim Rogers has also come out saying that most commodities will exceed the previous highs, and he is a billionaire investor.
i am more than happy to WATCH THIS SPACE