RE:RE:Rio Tinto/Turquoise Hill ResourcesNews Release quote from 2005 May below. Only $40 loonies /share ???
The entire 6.1 km long Oyu Tolgoi Deposit, of which the Hugo North Deposit is the most northerly portion, is now estimated to contain measured and indicated resources of 32.85 billion pounds of copper and 17.34 million ounces of gold, within 1.15 billion tonnes averaging 1.3% copper and 0.47 g/t gold (at a 0.60% copper equivalent cut-off), and an additional inferred resource of 26.2 billion pounds of copper and 8.4 million ounces of gold, within 1.16 billion tonnes averaging 1.02% copper and 0.23 g/t gold.