Amended, correct $/lb,Certainly! Let's calculate thefinal payout for Direct Shipment Ore from Storm considering it is sold to aChinese Copper smelter who is desperate for copper concentrate. Assume the spotsale will incur a treatment and refining charge (TC/RC) of US$90 per tonne (TC)and 9 cents per pound (RC). No mining, processing or shipment costs determined.
Here's the breakdown:
- Copper concentrate amount: 1 tonne (1000 kilograms)
- Copper grade: 50%
- Copper price: US$4.43 per pound
- TC charge: US$90 per tonne
- RC charge: 9 cents per pound (US$0.09/pound)
Steps:Calculate copper weight:
- Copper weight = Total weight * Copper grade
- Copper weight = 1 tonne * (50/100)
- Copper weight = 0.5 tonne
Convert copper weight to pounds:
- Copper weight (pounds) = Copper weight (tonne) * Conversion factor (tonne to pound)
- Copper weight (pounds) = 0.5 tonne * 2204.62 pounds/tonne (conversion factor)
- Copper weight (pounds) = 1102.31 pounds (approximately)
RC Charge (USD):
- RC charge per pound: US$0.09/pound
- RC charge (USD) = RC charge per pound (USD/pound) * Copper weight (lbs)
- RC charge (USD) = $0.09/pound * 1102.3 lbs = $99.19
Total Revenue from Copper Sales:
- Copper price: US$4.43 per pound
- Total revenue (USD) = Copper price (USD/pound) * Copper weight (lbs)
- Total revenue (USD) = $4.43/pound * 1102.3 lbs = US$4,878.37
Total Deductions (TC + RC):
- TC charge: US$90 per tonne
- Total deductions (USD) = TC charge (USD/tonne) + RC charge (USD)
- Total deductions (USD) = $90 + $99.19 = $189.19
Final Payout:
- Final payout (USD) = Total revenue (USD) - Total deductions (USD)
- Final payout (USD) = $4,878.37 - $189.19 = US$4,689.18
Therefore, the final payout for the Direct ShipmentOre is approximately US$4,689 or AUD$7,327 for the copper metal value inStorm's one tonne of copper concentrate (grading 50% Cu).
You only need to delivery 213 tonnes of copper concentrate at 50% Cugrade to bank your first US$1.0 million in revenue at current pricing. By thetime Storm is exporting, the copper price will be sky high.
Note you still need to subtract the mining, processing (OreSorting-stockpiling), Royalty, Taxes and export shipment-marketing charges todeliver the copper conc to the Chinese customer!!!! The badly awaited PEA studyonce released will cover this aspect of the expenses.
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Amended, correct $/lb,Certainly! Let's calculate thefinal payout...
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