the call from wayne, page-48

Here are my basic calculations (feel free to critique) :

From the JORC statement, Las Minerale main zone is 1600 x 250 x 35 m
(strike x depth x width, from surface).

W x L x D = 14 million cubic metres
x sg 2.7 = 38 million tonnes of ore

38Mt x 24% = 9Mt

Average grade in mineralised zone 4.37% Cu (according to recent bulk test)

9Mt x 4.37% = 393,000 tonnes Cu (not CuEq)

Assume 90% Cu recovery
=> 353,700 tonnes = 778,000,000 lbs

At $3.50/lb
=> $2.7B

which should be recoverable in the first 4 years.