GREY:LCPRF - Post by User
Post by
eebleron Mar 28, 2012 10:07am
402 Views
Post# 19727068
Cu Eq based on current 43-101
Cu Eq based on current 43-101 If you go by the Cu eq formula they give where gold is 400x and moly is 6x, then the 5.8m ozs of gold and 500m lbs of moly translate to approximately 5.3B lbs of copper. Add that to the 15B of Cu and you end up with 20B lbs of Cu eq. They say they will provide an updated resource estimate some time in April. The drilling in the north is probably the most interesting given the quality of grades and the depth of the deposit. If you go back to some of the previous nr's and check out some of the step-out holes in the south, it has been hit and miss.
Scotia upped their target on LCC from $18 to $21 and have noted the resource update as a potential catalyst for the share price.
eebler