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Friday, July 24, 2015 2:06:10 PM
Non 43-101 compliant based upon management testing
Inclusive of pending mining claims to increase Jovita property footprint from it current 250 hectares to 2,800 hectares (approx.)
45 million tonnes of ore
Average grade of 0.80 lbs per tonne (cut-off grade of 0.2 lbs per tonne)
36,000,000 tonnes or 792,000,000 lbs. Cu.
Contract processing ore purchasing
CRGP to purchase high grade ore from regional artisan mines
Minimum grade of 2% per tonne
Average cost per lb. Cu is $1
CRGP has contract agreements in place to secure high grade feedstock
The initial 250 hectare parcel is currently viewed to contain the following assumptions:
70,875,000 lbs of copper concentrate for every 250 hectares
Net revenue per 250 hectares sector of approximately $3.20-$1.10=2.10 *70,875,000= $141,750,000 USD
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