International Enexco (TSX: IEC / WKN: 857547)

Ach ja zu "deiner Meinung" zum Kupferprojekt habe ich folgende: Du lässt die Reserven und die inferred Resourcen vollkommen aussen vor.

Es sind insgesamt sogar 1.320 Mio. Pfund Kupfer. (Ressourcen: measured, indicated, inferred + Reserven proven&propable). Branchenüblich werden diese mit 0,02 USD pro Pfund bewertet. Das ergibt einen branchenüblichen Bewertungsansatz von rund 26 Mio. USD / CAD (USD/CAD fast 1 zu 1).

Aktuell sind rund 25 Mio. Aktien ausstehend, was einem rein rechnerischen Kurs von 1,04 CAD entspricht.

Contact's Mineral  Resource Estimate reported at 0.10% Cu cut-off.

The  copper reserves are estimated at 27.0 million  tons at 0.30% Cu proven and 27.1  million tons at 0.28% Cu probable,  totaling 54.1 million tons of 0.28% Cu or  317 million pounds of Cu in  proven and probable reserves. No inferred resources  are being used in  the current production schedule or economic analysis.   The Updated  reserves represent a 161% increase in copper reserves, up from 33.6   million tons of 0.29% Cu or 197 million pounds of Cu proven and probable   reserves from the previous (2009) �PFS.

Mineral  Reserve Estimate reported at 0.10% Cu cut-off.

Dear Shareholder,

International Enexco made great strides in 2010 bringing it substantially closer to being a mid tier copper producer.  

In 2010 we increased our recoverable copper reserves by 166%*and brought  the Internal Rate of Return at our Contact Copper Project in Nevada up  from 13.2% to 20.2%. We have made substantial inroads into the  permitting process at Contact including continuing baseline studies and  preparation of data to initiate a full Feasibility Study.

In addition to these positive achievements, there is still room to grow at Contact and in 2011 we intend to continue exploration on the project while we simultaneously continue with the Feasibility Study and permitting process.

We remain diligent in our pursuit of other opportunities for growth. 2010 also saw International Enexco upgraded to Tier 1 status on the TSXV; we feel this to be reflective of not only the merits of our projects but of our operating methods as well.

Despite a lack of drilling success in 2010 at our Mann Lake Uranium Project,  Saskatchewan neither ourselves nor our JV partners Cameco Corp and  AREVA are deterred. The project remains a property of significant  interest to all.

The steady surge in the price of both copper (recently through US $4.00  per pound) and uranium (U3O8) to over US $58.00 per pound is something  that we feel is not only sustainable but that I hope will lead  potentially to even greater highs and if so to increased interest in  companies like ours. Very recently trading in our shares has seen  renewed interest as measured by increased trading volumes and a higher  share price. I'm optimistic about 2011 and beyond for our company and  our entire Board of Directors and all our personnel intend to work hard  on your behalf.

I sincerely appreciate you being a shareholder in our company. My  commitment to you in 2011 and beyond is to deliver growth for our  company that I hope will be noticeable not only in project advancement  but will also be reflected in an increased market cap and returns to  yourself and your family.

On Behalf of International Enexco's Board of Directors,

Arnold Armstrong

President and CEO, International Enexco

 * 711.8 million pounds of copper (298.3 million pounds Measured and  413.4 million pounds Indicated) (135.2 million tons at 0.263% Cu), with  an Inferred Resource of 291 million pounds of copper (53.4 million tons  at 0.272% Cu), based on a 0.10% Cu cut-off grade.  The project remains  open at depth and along strike.




 
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