More copper and more copper and more copper and lower prices and lower prices..
Iffen weze kalkulate the kopper herein, we getz lessee, 450 mtres by 650 metres by 450 metres.. hmmmm punch, crunch, kalk, kalk, kalk, thatz iz 387 million tons short. @ 1.0% copper = 7.7 billion lbs X 3.20 = 21 billion dollars @ 10% that is 2.1 billion capex.. @ 50 million shares out that is $49.00 a share.
Now I understand they are less than 49 cents per share. MOF, they are less than 16 cents per share and falling.. unless they have 49 billion shares out.. something ain't right. They apparently have out 65 million shares.
Something wrong here and I can't quite put my finger on it.
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Sinchao Metals announced the results from Drill Hole SDH-50, drilled on the Breccia zone. Assays have been received for the interval of 0.0m to 421.3m, the bottom of the hole.
A significant intersection is 279 metres grading 0.60% copper, 0.53 g/t gold and 18.4 g/t silver, including 179.5 metres grading 0.78% copper, 0.71 g/t gold and 22.8 g/t silver.
"Mineralization has now been identified over an area of approximately 600m by 450m and to depths of up to 450m, remaining open in all directions,” said President Andrew Gourlay. “Drill Hole SDH-50 has confirmed the continuation of this type of mineralization in the central portion of Section 12. It is also encouraging to note that the hole bottomed in mineralization."
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