CYM 4.55% 2.1¢ cyprium metals limited

Ann: Nifty Copper Project Restart Study, page-18

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  1. 1,067 Posts.
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    Nice post@Da12kl0rd. Just a question. Of the examples here it seems several of them are producing Cu concentrate. Of these how many are producing copper plate grade A 99.99% purity? Or if producing just copper cathode what grade is expected?
    Points being if producing concentrate, they will be selling to the Chinese smelter overlords at a feeble price. So they are a price taker not a price maker.
    We know these smelters demand discounts and increase smelting costs as seen last year.
    https://www.reuters.com/markets/commodities/china-copper-smelters-keep-q1-treatment-charges-flat-previous-quarter-2021-12-29/
    https://www.mining.com/web/china-copper-smelters-raise-q4-treatment-charge-floor-ahead-of-miner-talks/

    This point is important as CYM has quoted copper figure prices but we know full well that LME Grade A 99.99% Cu plate attracts a price premium above the LME copper price. So CYM could attract up to an extra $3.5m income per year above forecast revenue.

    Nobody is doing that with concentrate.

 
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