Copper-zinc exploration in the Flin Flon-Snow Lake VMS Belt

Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

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Message: from the HBM stockhouse forums.. conference call today, >>last paragraph<

The analyst meant 15,000 tons of copper per year. Here are the numbers he likely used in his calculations (being ultra conservative of course imho):

3,000,000 tons of ore at Reed @ 3% average grade copper = 90,000 tons copper

90,000 tons copper / 6 year life span of mine = 15,000 tons per year

That would mean daily production would be approximately 1370 tons of ore per day over the 6 year life of the mine.

Keep in mind that Hudbay said between 3 - 4 million ton deposit @ 4% average grade copper and daily production between 1,000 - 2,000 tpd.

4,000,000 @ 4% = 160,000 tons copper

imho using the larger size and grade would be more the case.

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