Hoots,
That's my point. Glencore want primary ore, chalcopyrite, not the high grade stuff filled with NCu. So exactly what sort of grade are they being sent and where is it coming from?
Do the pits have to be redesigned to allow just the chalcopyrite to be mined or are they planning to run the new ore-sorter and AllJjig, then send what comes out the other end off to Glencore. Does it mean something is not quite right with the rest of the plant?
A break of $1.37 will give a fairly quick answer.
CDU Price at posting:
$1.41 Sentiment: None Disclosure: Not Held