Doesn't seem to matter how many times it's said but one little fact to throw in there again:
The offtake agreement does not set the copper price...LME is used as a reference to do that.
Offtake sets the quantity, duration and charges to convert from concentrate to copper.
Copper rises from $2 per pound to $4 per pound and AVB gets an extra $2 per pound.
But don't let me stop you selling, a few are enjoying the buy price it seems, lucky buggers
)
Oh, and whatever you do don't use ANY sort of research! That would stop the trolls in here having fun with your heads.
PS good post Zoeller, nearly outdone by Longwindingroad though
