Sufiy.: Lundin Mining LMC LUN.to Tenke Fungurume update

Sunday, January 27, 2008

Lundin Mining LMC LUN.to Tenke Fungurume update

Slide 17

Initial Estimates of Reserves 100MM metric tones 2.3%Cu 0.3%Co
Leach Tank construction

Slide 21

Less then half of 600 sq m concession explored, strike length over 80 km

Slide 22

+70km of drilling with 10 drill rigs (!) $ 20 million

http://www.fcx.com/ir/2008present/FCX%204Q07.pdf

Rebel ex-general, armed groups sign peace pact in DR Congo

http://uk.news.yahoo.com/afp/20080124/twl-drcongo-peace-4bdc673.html

As always now we can only speculate who would like to take Lundin Mining out, but it will make sense at least for FCX once the situation will be resolved in DRC.

Institutions continue to accumulate:

http://www.thebuylist.com/default.aspx?Stock=lmc

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