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Zero measured atm. but spending $20-30m this year will get them there.
Agree, until measured too hard, plus SFR also has a lot of gold & is further advanced with underground operations starting 2012 (direct ship Q3 2011).
Total resource: 1.38mt @ 8.2% Cu 2.4g/t Au
130mt inferred
470mt indicated
$20-30m drill program will move quite a bit into reserves, IN TIME.
They intend to start Preliminary Site works at the end of this year.
Slide 14 says they start Direct Shipping by Q3 2011 on 151,000t @ 25.6% Cu, 2.6g/t Au & 21 g/t Ag.
SFR too far advanced SP for mine. I prefer finding the jewels like AVB when mkt cap low (<$20m), as it was at 2c not long ago. Started on OXR when it was $7m, AOE can?t remember cap, but not much at 30c. I think SMR will be a 5-10+ bagger as will NEC. But they will take time; 2014 or so for NEC. SMR still hard to determine with so many projects. Needs to partner one up first.
Cheers,
Ned.