My rough calcs indicate that Hamnams applied rate of 8500$/tonne CU is equivalent of $4.25/lb
so getting up to 8$/lb would be almost doubling the NPV?
im sure this is overly simplistic. For maths sake if you considered the cost per pound to be $3.25 then at $4.25 per lb you profit 1$, increasing the copper price to $5.25 would be a 23% increase in CU price but a doubling of profit.
Ann: Change of Directors Interests - Easterday,Bell,Quin,Andraca, page-122
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