Stowaway, its a given that Insto's are not going to use the current spot price of copper for their valuations on PNA so you don't need hard proof just a bit of common sense.
In addition remember PNA make a copper concentrate not copper metal so PNA would not be getting the LME price but a discounted price probably around 15% to the spot price.
I'm factoring in a 25% fall in the price of copper so that would give us a price around $1.50 to $1.60 USD per pound.
I will find some info and post it on this thread a bit later.
Stowaway, its a given that Insto's are not going to use the...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)