Except for a brief spike in 1994/95, nominal prices of copper remained consistently below U$1 per pound from 1980 to 2003. In fact, the annual average price throughout this period had a mean of U$0.90 and a median of U$0.82 per pound.

In the '60's and 70's the average copper ore grade mined worldwide was 2%. When exploration warranted drilling they did so. They were looking for what they thought would give them a minimum % copper, if they did not think it was there they did not assay.

At that time Eaglehead was too low grade, same as Schaft and Galore by the way. Today things have changed.

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