IRL 0.00% 0.2¢ india resources limited

surda pricing not affected , page-8

  1. 23,528 Posts.
    lightbulb Created with Sketch. 2
    Going by 30 Sept announcement

    The bottom line result was based on initial sales revenue of $3.8 million
    generated from initial copper concentrate sales from the Surda Operation,
    which commenced copper concentrate delivery in December 2007

    Copper concentrate production has also been steadily building, with 1,335
    tonnes grading 23.5% Cu produced in the March Quarter and 2,073 tonnes
    grading 24.53% Cu in the June Quarter

    If the $3.8m is for March then price is $2,846/t. If the $3.8m covers both March and June, price is $1,115/t.

    Current price per tonne is

    Copper for three-months delivery on the London Metal Exchange fell to $3,815 per tonne, its lowest since October 2005, before closing at $4,040, compared with $4,160 at the close Wednesday

    May have cocked this up but the sale price looks extremely cheap.
 
watchlist Created with Sketch. Add IRL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.