The Julian Baring investing strategy for junior miners: Buy up to 10% of the in situ value of a deposit using current metal prices, hold up to 40% and sell above 40% taking no prisoners!

If you look at our copper holdings only, in the measured and indicated category for the last RE, so it could be argued there is much more value, then this is the Julian Baring result:

6.1 billion copper at $3.85 current prices X 10% = $6.08 per share X 25% = $1.52 per share

6.1 billion copper at $3.85 current prices X 40% = $24.30 per share X 25% = $6.08 per share

So, buy up to $1.52 and hold until $6.08.

However, that's just the copper. Add to that the gold, moly and silver.