this will be a massive mine. 180,000 per day mill rate as an absolute minimum. imo. Possibly even much larger. Look at the BFS engineer recommendation to punch a few holes and consider 180 TPD milling. Costly waste rock, yeah right. Re run the numbers with inferred converted with 10 holes, proper recoveries, 180TPD and better grades reached sooner.
The BFS Base Case presents the most conservative way to proceed if there isn't another ounce of metals proven on the 2% of lands represented by the BFS, and not another ounce of metals on the 98% of the lands that represents the rest of our properties.
So a mine that is more like 5-6 times more copper production than envisioned (that's many times, no?! think economies of scale too) , and then it produces all kinds of gold, silver and moly on top of that too...
All this for the bang-your-head-against-the-wall, low, low price of 79 cents a share. The same closing price as Sept. 24, 2010.
As the kids so succintcly express things these days: FML!