30.3 mt @ 1.70% cueq, page-79

Blythefan

i am curious as to how you came up with the following
"is overinflated in the calculation because it is priced in at 300% of current "

If current Co price is say $18lb and CDU is using $28lb, it is still overstated but not by a multiple of 3 ?

I am yet to see an explanation for the higher price assumption on Co, and yet 2 x independent companies seem very comfortable with the figure.

Can someone offer an explanation please ?

Also note that our offtake agreement with OW incorporates an offtake for Co/Pyrite at very attractive margins.