re: copper - new high Yes Flats - my model for Stage11 has them earning $US23mil/pa on BT's output of 20kt Cu & 1.6milozs Ag but I still find it difficult to believe that they'll only be feeding 250kt of full grade ore to that first ball mill that's designed for 350kt throughput - he says that the balance of 100kt will be floats/tails but they've already put in the second ball mill at Dikulushi but it apparently is not being commissioned at the moment.
It makes a huge difference to the profit if they process 350kt of full grade ore.
Let's hope he's just being conservative with his output estimates at the moment.
October should be a big announcement month IMO:
1)Confirmation of completion of commissioning of Stage11 and full ramp-up
2)Updated resource/reserve statement for Dikulushi
3)Feasibility study into Stage111 Dikulushi(undergound)
4)First Gecamines deal signing
5)Quarterly report
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