Commodity Price and Exchange Rate Assumptions for Hillside Extended Feasibilty Study.
Copper (US$ real) US$3.00/lb
Gold (US$ real) US$1,250/oz
Exchange Rate (AUD:USD) 0.70
Current commodity price and exchange rate.
Copper US $3.18
Gold US $1288
Exchange 0.7845
C1 cost US $1.61 including gold credits
Assume all in C3 costs of US $1.88 including gold credits.
35000t payable copper
Spread between current copper price and C3 cost is US $1.30
35000t is 77,161,798 lb
Earnings of US $100.3m or Aus $128m per year at current exchange rate 0.7845
If dollar goes down to 0.70c copper still at US $3.18 then earnings of Aus $143m per year.
If copper gets to US $3.50 and exchange goes to 0.70 then earnings of Aus $178m per year.
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