Note: TNK's 24.75% equals 8 billion pounds of cooper and 700 million pounds of cobalt.
Rock Value at 3.1$/CUlb=24.8 billion plus 15$/Colb=10.5 billion Total: 35.3 billion $. All South American Properties as Bonus. When production will start Market Cap target will be 3.5 billion $. Now it is CAD14.69*0.88*58.7mil shares=758.8 million $.
96 million $ in Cash
Less than half of the concession area explored.
Mine construction 2006 end, production 2008.
November 10th Repots on 3rd Q and MD&A:
Note: 6 properties will be drilled in coming explorational season in Argentina and Chile.
Congo: feasibility study to be completed in 4Qth 2006.