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Ann: Strong Maiden Cassini Mineral Resource, page-26

  1. Value_Hunter
    4,719 Posts.
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    05/08/18
    20:11
    Post #: 34732488
    Rae,

    http://www.mincor.com.au/images/mincor---lehee.pdf


    basically - they do an assay of ore going into the plant, and then "payablity" % of that amount - with reference to a "LME price" - typically (historically) it was 65% of the containined Ni, plus credits for Co / Cu, minus any deleterious elements (arsnic) ........and the price received was (typically) lagged 2-3 months "behind" the LME price .......

    hope that is useful

    rgds
    V_H
    MCR Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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