Err...that's a lot of copper, dudes. Higher grading than before, too. Here's the news release linked and here's the quote from CEO John Black:
"We are very pleased by the substantial increase in the size and grade of the Haquira resource. The total amount of in-situ copper at Haquira expanded by 38% from 8.5 billion lbs to 11.7 billion lbs and average grades increased for both primary and secondary mineralization. The total resource at Haquira has now surpassed a critical threshold of over 10 billion pounds of contained copper metal, making Haquira one of the largest undeveloped copper projects controlled by a junior exploration company. We are particularly pleased that the average grade of the measured and indicated primary mineralization now exceeds 0.6% Cu at a cut-off grade of 0.3% Cu. This higher grade will serve to distinguish Haquira from many other known large copper projects. The presence of near-surface secondary copper mineralization is another feature that distinguishes Haquira from other copper development opportunities. We are now in the process of evaluating the potential for a two-staged copper mining operation whereby the mine commences with a low-capital, low-cost SX-EW copper-leaching operation producing LME_grade copper cathode followed by a larger-scale, mill/concentrate operation producing copper and molybdenum concentrates with a significant gold byproduct. Our goal is to report the results of this preliminary economic assessment next quarter."