copper now $1.23c/lb($2,700+)/t, page-35

re: my calculations for anvil "Flats,

What about admin costs, royalties, interest, expl, etc. Going to ingnore those too.
Nice speaking to you. Good night "

THEY ARE INCLUDED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The calculation included everything except mine depreciation, amortisation and exploring costs.

Exploration is descretionary expediture. Potentially adds future benefit but not relevant to an earnings ratio.

We are only interested with what the mine produces to the bottom line taking into all expenses related to running the mine.

Enough said. bye.