Given the metal prices have rebounded strongly and this puts CSD in great shape (if/when that settlement gets completed), here's their values in Aussie dollars -
Copper: 4700.5/0.7126 = $6596
Lead: 1731/0.7126 = $2429
Zinc: 1760.5/0.7126 = $2471
Tin: 15987.5/0.7126 =
$22,435
I remember having a conversation with management way back when tin was $22k Aussie and I couldn't help but notice the huge smiles on their faces.
And yes, Yub and BJ, I hear your frustrations... But let's not lose sight of how big this thing actually is. Yes, it's been a long time but I think those pieces are almost in place and soon we might all be singing:
Sunday, Monday, happy days.
Tuesday, Wednesday, happy days.
Thursday, Friday, happy days.
The weekend comes, my cycle hums
Ready to race to you.......
These days are ours...
Happy and Free (Oh Happy Days).....
These days are ours...
Share them with me (oh baby)...
LONDON, Feb. 26 (Xinhua) -- The base metals prices on the London Metal Exchange (LME) mostly closed higher on Friday.
The three-month unofficial copper price increased 83 U.S. dollars, or 1.80 percent, to 4,700.5 U.S. dollars per tonne.
The three-month unofficial lead price increased 33 U.S. dollars, or 1.94 percent, to 1,731 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price increased 19.5 U.S. dollars, or 1.12 percent, to 1,760.5 U.S. dollars a tonne.
The three-month unofficial nickel price increased 25 U.S. dollars, or 0.30 percent, to 8,437.5 U.S. dollars a tonne.
The three-month unofficial tin price maintained at 15,987.5 U.S. dollars a tonne.
http://news.xinhuanet.com/english/2016-02/27/c_135135299.htm
