CYM 4.65% 4.5¢ cyprium metals limited

Look, you need to ask yourself where does this number $2.82 USD...

  1. 694 Posts.
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    Look, you need to ask yourself where does this number $2.82 USD come from?

    Well, the restart study details it line by line in Australian dollars, when you add it all up lo and behold it comes to a total of $3.76 per lb!

    At 0.75 exchange rate c3 is $2.82.

    At 0.66 exchange rate c3 is $2.48.

    So it is incorrect when calculating study profitability right now to convert 2.82 at 0.66 and say c3 is $4.27, it is still $3.76.

    I'm simply saying that you are underestimating the benefit we receive with a lower AUD, the margin could be up to 50% higher than your initial calculation.
 
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