cheap as chips, page-8

Hi Ians

PMH have a JORC res at Anne Mason of 7.1 bill pounds Cu
Anne Mason is still open at strike
Blue Hills and Shamrock in this Yerrington district may have a res of over 2.0 bill pounds Cu


Nevada Copper have just upgraded their res to 9.3 bill pounds Cu and are still open at strike

Quaterra have 7.0 bill pounds Cu

There are several other small explorers who may find
substantial deposits

I predict the total endowment for this Yerrington area will exceed 30 bill pounds of Cu
Plus substatial quantities of Au Ag and Fe

This size dep makes it one of the biggest in North America and has drawn the Chinese ZTS group to take up shares in Nevada Copper


It is likely that the area will be looked at as a whole to gain synergies
Another major Copper producer and explorer may be drawn into the fray

The next 2 quarters will be very exciting. My immediate target price is 0.30 but if a rationalization of properties and the establishnment of a mine occurs the price should move higher