Ann: Storm Copper DSO Potential Confirmed, page-23

@Pokerface Hi.
An issue is the value of the concentrate c.f. the refined metal - by google it seems that a charge called the TC factor is charged by the smelters for their cost to produce refined copper. Now the amazing thing is that the TC is currently negative. And also LME copper price is at a high.

"Supply-demand dynamics do explain how TCs dropped to such low levels. But, in theory, smelters are paying more than the value of the refined copper to buy copper concentrate. This issue is especially interesting considering that copper premiums in China are currently at a discount to those of the LME.

To use an analogy, it is equivalent to flour being more expensive than bread."

Read more here
https://www.fastmarkets.com/insights/copper-concentrate-tcs-still-negative-how-and-what-does-it-mean-for-copper-prices/

Without doubt the DSO plan will cover future exploration and development costs at Storm, as was always the objective.
But also we are talking at present about a small DSO operation (4x ore sorters and a cyclone DMS with relevant crushers and screens) which could be up-sized many times as the mineral resource estimate for shallow ore (MRE) grows - always keeping a 10 year mine life in sight.

Ground breaking and Company making info in today's ann IMO. Pls DYOR.