quarterly due...and good update, page-41

Annoucement from 8 Feb 2010.

I guess now is very relevant FS. That's should be expected in Q2 2012 now.

POSITIVE RESULTS FOR RIO VERDE
COPPER PROJECT FEASIBILITY
The Company is very pleased to provide an update on the mine
scoping study for the Rio Verde High Grade Copper Project in Brazil.
Key aspects of the development plan are at an advanced stage and the
Company is highly encouraged with results to date which illustrate the
feasibility of a low cost, minimum risk project with a strong economic
performance.
HIGHLIGHTS
? Scoping study on the Rio Verde High Grade Copper
Project nearing completion and illustrates ~5,000tpa of
copper sales with ~US$57M total cash flow with ~$1.70
total cash costs for the opening six years under study.
? The high grade strategy focuses on the JORC compliant
210,000t at 11.6%Cu resource.
? Pre-production Capex of ~US$2M.
? Plant and infrastructures ~US$9M to be funded from early
cash flows.
? Grade control drilling to increase and upgrade resources to
measured and indicated categories to be completed during
third quarter of 2010.
? High Grade resource moved into a "ready-to-mine" status.