SFTH 9-8-11 "Not sure posting futures is any good as we have seen the recent futures posted for August and September have been horribly wrong unless we see a remarkable comeback.
"Don't forget that cdu used 2.00per lb for their copper calculations,"
Correct me if I am wrong here but from memory $2 per lb is US and the X rates at the time were about 65c to the US dollar. If I am correct that would equate to about $3.40 AU "
No surprises same old same old. I'll let your confusion wit CDU using USD$2 NOT AUD as we'll focus on today and assume parity. $3.40 Cu price AUD last year is as pretty much static for today - and so is the continued use of $2 USD for CDU figures - but wait is that at 40% discount to market. $1 lb Mining, processing t'port & smelting costs including the "low" grade JOCR zones [which is regional average].
As nothing you have to say is of any apparent or particular value except to entertain your clearly idle [and I hazard lonely] time. How about you sit-n-front the screen and closley monitor the kitco and give us a yell when $1.30 lb USD ever comes around again will ya as at that time CDU would just be an ongoing net employer.
Oh did I mention EPM18054...
Cheers.
CDU Price at posting:
$3.34 Sentiment: Hold Disclosure: Held
