some truths, page-2

Nice work Novac....like you I have been doing some research and EV calcs, but for my purposes didn't include 2013 oppies but as your calc shows even including that makes the EV at 46 cents certainly not challenging for those first up holes of new drill areas with those high grade and intervals...People don't also seem to realise that Blind Calf has already in the past produced very good Copper results which further increases the probability of further significant drilling success from forthcoming drill program...Below is copied directly from the prospectus...note the third and fourth bullet points..sounds more like those in the know confusing those not in the know...as always pays to DYOR as it will for those who do this for KDR...
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New South Wales: Lachlan Fold Belt - Six
tenements with 26 highly defined targets
? Near surface Copper mineralisation at Blind
Calf (near Mineral Hill)
? Previous drilling results hit Copper in all holes
? Results include 51m at 0.5% Copper, including
18m at 1.2% Copper
? Other highly defined targets are drill ready
and haven?t been tested previously
? Drilling program to commence in December
2010 to test identified priority drill targets