Congo Resources

[Berliner]

Simberi strong watching!
new Website in Construction, good sign!!!

http://www.simberimining.com

interesting article abaout the tailings / costs

http://www.findarticles.com/p/articles/mi_m3MKT/is_n79_v106/ai_20920306

Congo plant financing sought by Panorama - International Panorama Resources Corp
American Metal Market, April 27, 1998

NEW YORK -- International Panorama Resources Corp. is looking to secure financing for a finalized plan for its cobalt-copper tailings project in the Democratic Republic of Congo at an estimated $112 million-an increase from projections announced last month but still producing less than half the output Panorama initially hoped for.

The Vancouver, British Columbia,-based company has been encouraged by its financial adviser, Standard Bank Ltd., to go ahead with a plant at the Kakanda tailings project processing 1.3 million metric tons per year to produce 1,500 tons of cobalt and 14000 tons of copper annually.

The costs for Panorama's finalized plan are $20 million higher than its downsized plan announced last month that would have produced 1,000 tons of cobalt and 9,500 tons of copper annually.

"We wanted to get the costs under $100 million, but we have been told that at this size the project is the most economical, and likely to generate the highest internal rate of return," a company spokesman said.