Damn that Red Wine.....
Correction required on previous calculation...
Just seeing if anyone was awake....
So if my reasoning is correct and we were selling into the spot copper market at the moment then we would get;
US$2.69 / .775 = A$3.47/lb copper.
Is that right...
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Error before was I used US$2.95 (= A$3.80)
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base metals, page-11
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