pre feasibility study by aby

MUR have a massive copper resource worth $3 billion to MUR at current prices. It is already JORC compliant. The MUR market cap is a tiny $50M.

However, it all depends on whether the JV partner decide to mine it. The JV partner is ABY and a "yes" from ABY should see the share price rocket.

The ABY annual report on 6/7/07 states:

"A total mineral resource of approximately
51mt at an average grade of 1.0% copper (at
a cut–off grade of 0.5% copper) and 0.04%
cobalt has been defined at the Maroochydore
deposit.

It is intended to undertake resource
confirmation drilling and further metallurgical
test work and progress to a pre-feasibility
study of the deposit during 2007. "