From recent report
6753 tonnes Conc
gives 1626t Cu, 24% Cu in Conc
rev per tonne conc = $8m/8015=$998/tonne conc rev
copper per tonne conc = 2200*0.24=528lb Cu /tonne conc
rev per lb Cu = 998/528 = $1.89/lb
assume 40c /lb HM processing costs as stated previously then net rev /lb = 1.89-0.4 = 1.49 net rev/lb cu.
based on 60% ownership and assume they hit stated 35k tonne cu total, tgs share 21k
net cashflow= 1.49*21000*2200 =$68m
These are my numbers and maybe incorrect please do your own.
Of course we shouldn't have to go to this hassle as TGS should spell it out.
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