CYM 0.00% 4.2¢ cyprium metals limited

Ann: Updated Nifty MRE Reaches 1M Tonnes Contained Copper, page-57

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    Fun Fact:

    How much is 1.6M tonnes of Cu worth?

    Assuming the price of copper stands at $9,240.30USD per ton.
    Calculate the value of 1.6 million tonnes of copper:Convert 1.6 million tonnes to kilograms:1.6million tonnes=1,600,000tonnes=1,600,000×1,000kg/tonne=1,600,000,000kgCalculate the total value:Value=Price per kilogram×Total weight in kilogramsValue=$9.24×1,600,000,000=$14,784,000,000

    Therefore, 1.6 million tonnes of copper would be worth approximately $14.78 billion USD.
 
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