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10.7% 5.0¢ alara resources limited

Trafigura offtake agreement is for them to buy the concentrate...

  1. RSD
    4,009 Posts.
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    06/03/24
    20:03
    Post #: 72780873
    Trafigura offtake agreement is for them to buy the concentrate at the current LME Cu spot price for the copper contained in the concentrate - I've used USD 8400 for my calculations as that is about the middle of the road for recent pricing.. My suspicion (not confirmed) is that they are buying the concentrate including the Au but payment is just based on the Cu price - effectively they are getting the Au in exchange for smelting the concentrate themselves. I could be totally wrong - it is just my guess.
    AUQ Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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