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Strategies & Market Trends : The Aristocrats (tm) -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (2875)	10/1/2021 11:01:40 PM
From: sense	Read Replies (1) \| Respond to of 5836

WCUFF / WCU.V The Cardero PEA updates the numbers the USGS reported... as: The resource estimate completed by Tetra Tech Inc. on behalf of Cardero is summarized as: Measured and Indicated Resources of 76.8 million short tons grading 0.33% copper containing 510 million pounds of copper (0.2% copper cut-off grade). Inferred Resources of 27.2 million short tons grading 0.28% copper containing 154.6 million pounds of copper (0.2% copper cut-off grade). Low strip ratio of 1:1 waste to mineralized material in base case. Their 510 million pounds of copper in M&I... is a tad more (5x) than the 98 million I computed from the USGS reporting 15 million tons at 0.31% ? That's $1.53 billion in metal at $3... easily worth $2 a share... but still needing a Feasibility Study and work in permitting to make it matter in the market... while a bit more effort in exploration to improve the understanding of the extent of the mineralization on the rest of the property... wouldn't hurt... But, the upside in exploration $ spent at Escalones probably significantly larger ?