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based on 268000m of drilling results the rocklands has a...

  1. beijing2rock
    1,130 Posts.
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    21/04/11
    06:50
    Post #: 8298655
    based on 268000m of drilling results the rocklands has a resource of 2.27billion tonnes of Copper Metal Eq (chairman's review of updated resource, 18/08/2010). JUST FOR THE MINING LEASE, the measured n indicated category is 30.9million tonnes @1.24%cu. this translates to 383mt of cu. YET the MC @$3.09 is a mere $400+million.

    SFR with a feasibility for a 60-70,000 mt mine is valued @ more than a $1billion @ current prices.

    the next announcement must address this anomaly!
    CDU Price at posting: $3.09 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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