Surprised no one has commented on the revenue numbers - $924k received in the quarter. This must include the USD500k from the China "DSO" "trial" - so somewhere between (AUD) $575k and $625k must have come from this. That must leave between $300k-350k of revenue from the Glencore offtake.
Seeing as the shipment was 22kt @ 1.36%Cu, 0.49ppm Au, at spot prices that's about $2.7m of contained metal. If that extra $300-350k was from the Glencore deal, then at least one of the following must be true:
- recoveries were AWFUL
- Glencore bent CDU over a barrel
- Forums
- ASX - By Stock
- CDU
- Ann: Quarterly Report December 2014
Ann: Quarterly Report December 2014, page-11
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online