"If only 90,000 tonnes of CuEQ were produced and taking a figure of $7,000 per tonne, the gross profit for the first year would be $630,000,000 dollars. This could be exceeded as there is MORE on the stockpile than 30,000 tonnes and that contained some lower grade ore".
Roh I've never really had any issues with what you post. You're just a little excited and obviously aren't too familiar with the in's and out's of running an actual business, and that's fine. However, when you post a simple formula multiplying 90K tonnes of CuEq of ore (90K a year roh??!!) and times it by the price of refined copper and say it's the FIRST YEAR'S PROFIT then I have to seriously question why you have invested money in this company or in fact ANY company. Do you believe they have set up a general store behind the mine to sell this stuff? You do understand the immense ($$) process the ore will be put through to get to your friends in China (and at what pre agreed price hint hint??). Please tell me you are across what CDU must actually sell in order to reach the figures you have come out publicly with.
You see, coming from a "professional downramper" as I'm called on here, there would also seem to be a few people on this board that have invested FAR too much of their $$ in this company and have lost more $$ than they could have ever imagined. If one was as some say "shady" then I imagine they'd spend their entire life on here posting any kind of nonsense (despite company announcements) hoping that some innocent mom & pop investor may find the post and think they've stumbled on a "Eureka moment"! If enough bought then I imagine the sp would go up and those same people (the shady ones) might actually be able to get OUT of those negative positions at less of a loss.
You see roh I often see the real bottom feeders on this board in a bit of a different light than you may and at least the downrampers have the courtesy of using company announcements and facts in their arguments. I wish you luck in this though and still do believe deep down it will see $2 again one day.
"If only 90,000 tonnes of CuEQ were produced and taking a figure...
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