Ann: Rocklands Project Update , page-34

Hi buddy I'm a bit confused on that post as it appears self-contradictory with regard to shareholders willingness to pay a premium - but aren't that extravagant with what they spend. Sounds like they like most of us wanting value for money. [NB: M&G/Vangaurd are not Chinese]

As for take-off, a recent annc.[20-June] incl the following:

"Off-take agreement in place
based on 100% of LME copper prices less 4% commission"

So look to the LME for indicative price. [note that is not the Chinese based SMM]
PS: Project Data so has consistently used the Cu rate of $2us/lb instead the LME currently down at $3.49. But yes the bottomline effect won't be there in black and white until the first quarterly.