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Message: Re: alert on min...pea out

Dec 01, 2011 09:26AM

Peter has update.....

  1. An NI 43-101 compliant resource estimate which includes a total indicated resource of 3.21 billion pounds of copper (511 million tons at 0.31%) and an additional inferred resource of 1.26 billion pounds of copper (221 million tons at 0.29%)
  2. PEA results which demonstrate incredibly robust project economics
  3. Hydrological testing which generated hydrological conductivities in the range expected for a fractured deposit showing that the deposit is suitable for ISR
  4. Metallurgical results which indicate that both acid consumption and copper recovery at North Star will support ISR mining
  5. And an ideal location which is within close proximity to necessary infrastructure and other copper producers, but with no one living on or near the property, no farming activity nearby, no active water use, and no scenic or special sites

avg.cost .68 over mine life of 20 years!!

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