1) ""Mr Kulwal said that if Aditya Birla bought an advanced project, it would be looking for something that could produce between 50,000 and 100,000 tonnes of copper a year and could be worth $200m to $300m.""
Geez, he dosn't want much. Does he !! He probably plans to get all of his investment money back in the first year of operation.
2) "" But a big run-up in copper prices to near-record levels of $US4 a pound has allowed it to restart the mine. Company shares rose 5c to $1.38.""
And here we have a company that is producing 50,000tonnes of copper concentrate per annum, and the sp is only at $1.38.
MMHHH, I am very confused.
Buddy
CDU Price at posting:
$3.35 Sentiment: None Disclosure: Held
