the storie continues, page-3

Robscot,

I hope this puts it into perspetive for you, crazy time but we have to step back and take stock, dont let the tumbling copper price fool you the overall picture is actually better based on revenue to be received in aus dollars so heres the breakdown comparing May prices and exchange rate with current

May Copper Current
Copper Price = 3.6 Copper price = 2.2
Exchange rate = 0.95 Exchange rate = 0.65
aud copper = 3.78 aud copper price = 3.4

10% drop in AUD terms

May Cobalt Current
Cobalt Price = 42 Cobalt price = 36.5
Exchange rate = 0.95 Exchange rate = 0.65
aud copper = 44 aud copper price = 56

27% INCREASE

now one must also remember that cobalt revenue makes up the greater portion of the total revenue thus the aud cobalt price has significant impact on revenue and profit, you just have to put things into persepective with all this madness going on especially wit hthe freefall of copper.