yep, without knowing what the base rates used were we can only guess.....
but based on the copper sensitivity, with copper being up 60c in the last 60 days:
and a 5c move being a $9m impact.....
we can expect about a $108m (60/5*9)improvement in profit based on copper price alone.
obviously gold price and AUS$ are the other main variables. with AUS$ moving against us, but we dont know what the base case assumption was in the forecast (it may have been 75c, so we may be still better off?)
NCM Price at posting:
$29.88 Sentiment: None Disclosure: Not Held