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Hole S36-033, released to market 23 Feb 2012:231m @ 4.49% Cu...

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    Hole S36-033, released to market 23 Feb 2012:

    231m @ 4.49% Cu from 201m. I believe that's the best copper hit from any ASX company in 2012.

    Current market cap is $37m.

    Cash is around $28m (last qtr) less $4m = $24m

    Therefore EV is $13m.

    Perkoa zinc mine stake (Glencore the operator).

    Copper $3.18 tonight, +4c

    Wakey wakey Mr Market.
 
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