How can it survive?, page-66

Looking forward to the revised ore reserve wonder how it will compare to RXM ( market cap $37m )


MINERAL RESOURCE AND ORE RESERVE

The Mineral Resource for the Hillside Copper Project remains one of Australia’s largest open pit copper Mineral Resources. The Mineral Resource estimate, reported in accordance with the 2012 JORC Code, consists of 337Mt @ 0.6% copper and 0.14g/t gold, equating to approximately 2.0Mt (4.3 billion pounds) of copper, 1.4Moz of gold. (Table 1). Of the 2Mt of contained copper classified as a Mineral Resource, approximately 65% has been classified as Measured and Indicated Resources. The updated Mineral Resource – the seventh for the Hillside Project - includes information from 608 diamond holes and 245 RC holes for a total of 239,000m. The Mineral Resource remains open at depth and towards the north and south.