copper stock, page-50

aka,

The current copper price as quoted on the CuDeco website is $7903.71 Australian dollars a tonne.

The improvement in the American and Chinese economies is believed to be the factor driving the higher copper price.

The copper inventory on the London Metals Exchange continues to decline and could be an indication of the growing confidence in the state of the American and Chinese economies.

Neither you or I know what prices CuDeco is to receive for its direct shipping ore, native copper or the various concentrates but , taking the current price as a guide ,it would do well.

Should the direct shipping ore and native copper be sold to Oceanwide, payments for shipments would of course be pronto as they are to be made when ships are loaded at Townsville.

We have heard no further announcement with regard to the study into the desirability of increasing the throughput to between 6 and 15 million tonnes per annum but now that the company has 340 million tonnes of magnetite which may be processed at a later stage, this would have to be a consideration.

A higher throughput [ disregarding the magnetite] seems a logical step anyway for when the higher grade ore is depleted and a larger quantity of lower grade ore is treated to maintain a similar profit level.

No need for urgency on this but it is good to see the company considering long term future plans.