Malgmac was saying I thought Sandfire got ripped off and I said no they paid a premium to get it done in that time frame which they were happy to except. Janti you imply they havent saved a dime so I was trying to show what the process plant cost. I'm not comparing market cap or resource grade just the plant or really if I could just the process for the copper. Sandfire $267 million for 1.5 Mtpa and Cudeco $187 million up till December for a 3 Mtpa plant. Of that $187 million what value would you take off for for mining equipment, the native copper process, cobalt and magnetite? $50 million or $100 million? Lets just say $50 million that would be $137 million for a 3 Mtpa plant to treat copper verses $267 million for a 1.5 Mtpa plant.
CDU Price at posting:
$1.69 Sentiment: Buy Disclosure: Held
