Zinc/Copper up... Revenues $99 mil???, page-3

That's the best thing about being a multi-metallic base metals producer - you can change it to whatever you want, depending on the price. Naturally, until that 50% copper circuit is running again, it's not an immediate thing we can do, but it does have potential and I'm sure the MD is looking at it closely.

It will be great when we have the polymet circuit running in combination with copper and tin circuits, and it's awesome that the polymet will help gradually fund the build up.

;-)

Meanwhile, another $33,000 positive cashflow has be banked.  (Just in case I forgot to say it earlier).

Toot?


COPPER JUMPS ON LOWER CHINESE INVENTORIES

By AAP | 23.03.2015 07:36 AM
Copper prices have jumped to a more-than-two-month high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after the Lunar New Year holiday.
Prices also gained support from supply concerns as a blockade of the Grasberg mine in Indonesia marked its fifth day.
Three-month copper on the London Metal Exchange rose 3.3 per cent to close at $US6,045 a tonne, after rising as high as $US6,082.50 a tonne, the highest since January 12. The increase extended a jump of 3.2 per cent on Thursday.
The contract erased early losses after weekly data showed copper stocks in warehouses monitored by the Shanghai Futures Exchange fell 2,267 tonnes or 0.9 per cent, the first drop since January 23.
Shanghai copper stocks, which have more than doubled in 2015, were being watched for signals that industrial users had geared up following the New Year holiday.
"There was a lot of anticipation about ShFE stocks. The consensus view from Asia was that if it was a gain of over 10,000 or 20,000 tonnes, it would be a bearish signal," said analyst Vivienne Lloyd at Macquarie in London.
A decline in LME copper stocks also supported prices, while the wider metals market benefited from a weaker US dollar due to indications the US Federal Reserve was less likely to raise interest rates aggressively.
A weaker US currency makes dollar-denominated assets such as metals cheaper for buyers holding other currencies.
The blockade at Grasberg in Indonesia, one of the world's biggest copper mines, also helped bolster prices.
Among other metals, lead gained 4.2 per cent to close at $US1,782 a tonne. Aluminium rose 0.9 per cent to $US1,796 a tonne.
Nickel gained 3.5 per cent to close at $US14,250 a tonne as traders said the metal was still finding support from trade data showing the global nickel surplus fell 70 per cent between December and January.
Zinc rose 2.1 per cent to close at $US2,063 a tonne, and tin gained 1.9 per cent to $US17,305 a tonne.

Link Provided: www.thebull.com.au/articles/a/53048-copper-jumps-o...