Redundancies, page-74

This has been published many times, the only document in the public arena.

The prelim had the equivalent of A$3.61lb
As I have posted before I was able to replicate CDU's $3.9 bill revenue at 1.7% in a spreadsheet.

I then took the 1.9% JORC and used the actual Co & Gold figures, not CDU's distorted figures . e.g they use US$2 lb for CuEq but US$3.25 for sales. I used their recoveries etc and the current sell price and using current FX rates
at present the real CuEq is 1.41% not 1.9%

Using current LME spot for Cu & Co and ***** gold and at FX of .73698 I get sales revenue of A$3.01 bill. I used US$80 t for magnetite

http://www.cudeco.com.au/pdf/20120305 Company Update Presentation.pdf


I am comfortable with my workings but no one should rely on them.

And by the way, that $3.01 Bill is gross sales before commission to OW. Which based on 60% of the copper sales is $65 mill over ten years.