OZL stated on 22 Jul 09 that they are on track for a full year copper production of 85,000- 100,000 Tones of copper.
Based on today prices on the London Metals Exchange (LME) that equates to possibly the following revenue:
Say, 90,000 T of copper x $5,550.00 per T = $4,995,000,000
And an estimated full year gold production of, 60,000 – 70,000 ounces of gold.
Say 65000 ounces x 950 per ounce = $61,880,000 , not sure if the projected 65,000 is supposed to be tonnes or ounces?
Does any one know?
Can someone check my figures and correct it if need be?
At any rate, the copper revenue seems to be huge based on today prices?
That’s got to be excellent news for OZL and its shareholders?
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