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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Al Nicholson who wrote (78)	4/8/1998 12:05:00 PM
From: the Chief	Read Replies (1) \| Respond to of 1996

Hi Al. Welcome to the thread. I got involved in this play because of the Chilean property. The companies in the area are all majors and Rock is the only junior. The property is highly perspective and has some significant indications of a large copper porphry, below a "very large breccia cap". In this area of Chile, assuming a copper porphry is below the breccia, the size of the breccia gives you a two dimmensional size of the copper porphry. That is to say, if the copper porphry is present and the breccia cap which is 2kmx2km represents the size of the copper porphry than the size of the deposit "could be" upwards of 20 billion lbs of copper. Copper in Chile is mined cheaper than virtually anywhere else on the planet. The average costs range from .47c -.55c per pound. Which makes a Chilean property a good investment even if copper prices are suppressed right now. I am expecting a news release on another "target"of signifcance in the next week or so. I think you'll be pleasantly surprised what they have uncovered. Upside is hard to define. I always look at market capitalization of a company. This company has a market cap of $7,000,000 the property is worth $5,000,000US so the downside is literally zero IMHO. The upside is totally dependant on the %copper per ton and the size of the deposit. I could speculate but I believe it serves little to no purpose to do so, at this point, with no firm data! The BC suit if won, would make the company even more "undervalued" as you say. There appears to be little downside, other than the typical machinations of the market. I think Rock will give us an interesting summer! PS Excuse my ignorance but I don't think I know Dave Grandy, who is he? the Chief