CDU 0.00% 23.5¢ cudeco limited

reserves, page-17

  1. 8,894 Posts.
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    Buddy,

    Perhaps you should improve your maths.

    SFR get $19m for 10,000t of copper concentrate at 25%.

    So 1 tonne = $1900, but it only contains 25% of copper, so 4 tonnes of concentrate = 1 tonne of copper.

    So it is 4 X $1900 = $7600.

    I believe there are gold credits to make it that price, but not sure of the quantity.

    I think you owe Bretto an apology, ashe is closer.
 
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