You don't know that and you can't prove that. Again your argument is weak. In courts this is what is known as hearsay. It's inadmissable for a reason. Based on the fact the chinese keep dipping into their pocket at ever decreasing prices the evidence suggests something contrary to your argument - unless you accept people like investing money to see its value diminishing over time.
The numbers you have inferred for processing and mining costs are based on unrepresentative samples so they are so completely unrepresentative of the overall resource they are unreliable. Not to mention the CuEq numbers make it impossible to model revenue lines because it is most likely that 1/3 of the CuEq resource can't be economically extracted at the current price of IO or cobalt. If it can't be economically extracted one would presume it's not going to be sold. Unless you accept the company is in the business of investing money to see its value decreasing over time, then extracting it at a loss would make perfect sense.
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