That post is the best reason to bring back thumbs down yet. It...

That post is the best reason to bring back thumbs down yet. It is totally wrong on every count. CDU won't receive $7,000 per tonne of copper in concentrate, closer to $5,200, then as ozblue says that's revenue, not profit, CuEq, not Cu, Co and Mag not economical to ship without the rail - you guys are getting totally desperate in your attempts to stop any further sell-off.


Refer back to the 2012 annual report where the DFS was promised (again) and revenues for mine life were forecast to be $4.1bn. Those revenues have now dropped to about $2bn, based on current commodity prices, exchange rates and the latest JORC (which is what the stockpile %s are based upon.

Cu price down from $3.4 to $3.22
Co price down from $26/lb to $14.74
Gold down from $1,600 to $1,293
Magnetite down from $220 to $110
Exchange rate up from 0.9 to 0.93
Price of contained copper $5,500/t
Price of contained Co $7.37/lb

If the Co and Mag are economical at road transport rates, that is, which is unlikely, which means you'll lose some of the gold too.