As an addendum to the above...
Current LME Copper is $8800 / 1000 Kg and next several month contracts are similar and gradually trending upwards to $8900 / 1000 Kg
Current exchange rate is $0.655 (thereabouts) to $1.00 USD
That works out that TNC will get around $13333 per Ton (using $0.66 exchange)
If one goes back to $8500 USD / Ton and exchange of $0.70 AUD / $1.00 USD...then TNC would get $12142 per ton. 9.8% premium and rising
Annually, that is $14.92 Million extra FCF
As an addendum to the above...Current LME Copper is $8800 / 1000...
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