Information for new investors, page-16

The income tax is not a huge deal, I included taxes in my model, They get several years of no taxes as they can absorb all the capital costs I see it bringing the project IRR down from 52% to 47% off current copper prices, it is only going to kick in in 5 years time and by that time they will probably be carrying capex out on new mines, expanded production etc etc and push taxes out further, the upshot is they have decent volumes of high grades close to the surface with grid electricity in a safe environment and there are pretty much no other copper projects on earth that can say that, this is why the management of the largest copper company in the world have all put thier private money into the claims next door, can't get a better vote than that ....