"Nice try but I will rely on the experts at Rocklands and in Hong Kong."
Hmmm. So the experts at Rocklands only took up part of their allocation under the rights issue, and the experts in Hong Kong took up nothing.
bensk, they are processing 3mtpa with an anticipated feedstock of 2.0% to 2.5% CuEq, say 1.4% copper which equals 42,000tpa at 95% recovery for 40,000t of copper in concentrate. The only production costs that I'm aware of are from 2010, $16.40/t for the processing plant from memory. Likely to be nearer $20 now just on the increases in the Diesel price alone.
CDU Price at posting:
$1.60 Sentiment: Sell Disclosure: Not Held