Ann: Cudeco regains 100% control of Multi User Ra, page-34

re: Ann: Cudeco regains 100% control of Multi... Make sulphuric acid in Cloncurry?

Take a look at where most sulphuric acid plants are situated. Near areas of sulphuric acid consumption. Why? Because if you are making sulphuric acid, which is volatile in price as well as characteristic, you need to make damn sure you can sell it. As in the western world you can't just dump it down the nearest drain if you suddenly realise that a shipping cost of $100/t is rather more than its value. Hint: you need special receptacles and collision proof vehicles to transport it. It's not the same as piling it into a steel container. It melts its way out of those before you're 30km out of town. And if you think that you don't need to make sulphuric acid if you don't want to: WRONG! What else do you do with the SO2 from the roasting? Can't vent that to the atmosphere.

Also, there is some confusion about "sulphur". CDU has no sulphur. You can't sell CDU's sulphur, it doesn't exist. If the price of H2SO4 shoots up you might get a sulphur credit, but even at the current S price of ~$70/t (that is, per tonne of sulphur not tonne of concentrate) it'll be peanuts.

As for the loan - until all the i's are dotted and the t's crossed, it isn't a loan. And all commercial loans are cancellable at a moments notice. So are most residential mortgages. Not, of course, that this is a worry, as the DSO sales will eliminate the need for such sordid transactions.