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Re: BonelessCat post# 9427

Tuesday, 02/22/2011 7:49:28 AM

Tuesday, February 22, 2011 7:49:28 AM

Post# of 23465
Your calculations may be closer than mine were but the bottom line is we just have not got it figured out, and we are not experts in that field so all we can do is guess.

assume $100 per ton for 3% Cu ore x 5.1 mil tons = $510 million in the ground, one anomaly.

Many things we don't know yet, the grade of any Cu that may be in the ground. Also we don't know the true length of two of these anomalies, one goes off grid to the north east the other goes off grid to the south west. How big is this thing? We don't know so it is safest to wait for an industry expert to give it a valuation, and that cannot happen till after the drill results are back from the assay office and the follow up IP results come back.

Whatever the company has found, the Cache River project has been well worth the exploration, and that is the biggie ~ the first project and they hit.

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