Bretto this news today from Bloomberg should also help our Smelter Payday income negotiations….possibly just days away now…..but we will stick with 28 days….. and the Chinese would know all about the Chilean problems…….so potentially excellent timing for CDU
"….copper producer Codelco.
With executives of the state-owned company warning that output could drop by almost half in six years, Bachelet has given clearance for Codelco to spend $23.5 billion to revamp century-old mines that are running out of profitable ore….
...while Codelco’s costs have more than doubled over five years as the company runs out of profitable ore to mine."
CDU Price at posting:
$1.68 Sentiment: Buy Disclosure: Held
