10 years at 2% CUEQ means they could do 5 years at 3% then 5 years at 1% this would be in line with the MPS cash flow model I have posted before - it allows for 1mt of NCU ore p/a ( 30% of feed ) for the first 4 or 5 years.
Im still very skeptical about the CU EQ stuff - The cobalt remains a big ?
copper stock, page-88
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