Running discussion on SP, page-3317

I just did a bit of further discovery on the Tenke Fungurume Mine and it is a truely staggering resource. The reserves are only about 13% of resources!!. The resource is currently worth 75 times what it was bought for by
China Molybdenum (CMOC)

The total resource is over 28 million tonnes of copper and 3 million tonnes of cobalt, this is from a Ludlin Mining document here......
http://www.lundinmining.com/i/pdf/summary_report_tenke_fungurume.pdf

I would now like to retract my previous comment and say there still an "African discount" even for developed mines. CMOC definitely picked up a bargain and Freeport McMoran 'gave away' a huge chunk of value!!