Smelter Payday Countdown, page-29

Write Ozblue I noticed that you did not reply to a post by Gneissic 13/09/2014 # 13970536.

Provocation is certainly your strong point, IP.

I though gneissic's post was very good. I gave it a TU. The last paragraph was interesting:

"The expected price for the native copper product is getting plenty of discussion but some of it is a little misinformed. Smelters do pay a premium for metallic copper feed because it makes the smelting process easier. However the premium is over the ore price, not over the refined metal price. Only if there were substantial precious metal credits would the premium match the refined metal price."

The downrampers have always known and accepted that, but the other side think that they will get a $1,000 premium to LME prices. Good to have an ancient earth scientist confirm our views.