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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (104226)	1/26/2008 9:35:55 AM
From: ogi	Read Replies (1) \| Respond to of 312406

Grade is critical, and so is the market's expectation of grade. In Cn's case I think the expectation should be more sensible than pumper stocks like CMX. Any PM content will affect the picture but I am looking for .6 % copper + .5 g/t au. Naturally I am hoping for higher but those numbers should be enough to bring in a second rig. I suspect there may be some high numbers in the upper sections from the leaching of the first 25-35 m. That would give them the high grade for rapid payback. Fingers crossed!!

To: Rocket Red who wrote (104226)	1/26/2008 1:18:44 PM
From: ogi	Read Replies (1) \| Respond to of 312406

Here is a graph of grade distribution on world wide Copper Gold Porphyries. Keeps the fantasies to more real expectations. gsc.nrcan.gc.ca Here is some tonnage implications and cu grades for world wide porphyries. gsc.nrcan.gc.ca Cheers, Ogi

To: Rocket Red who wrote (104226)	1/27/2008 9:46:27 AM
From: ogi	Read Replies (1) \| Respond to of 312406

Something I overlooked/forgot, small past production at Cn's Ocros. Was tweaked to this by a Stockhouse post that talked about past production on veins and a 500 m adit underground. I can't find any reference to the adit but Condor does have this on their site: "Past production history includes the mining in the 1970's of several high-grade Cu-Au-Ag-Zn veins peripheral to the large copper-rich system." Now in my feeble mind this really reinforces the model because we know that the system carries SIGNIFICANT precious and base metal values on the outer edges, more telling than surface samples. Also this on the outer edges which falls into classic porphyry models and INCREASES the possibility that the central porphyry body Condor is drilling will be carrying gold with the copper. Cheers, Ogi