the mullet chart, page-36

Hi All,

sunday morning reading can be so rewarding.

There has been much made about the off-take agreement for 60% of the CDU products and just what the sale price would be, in fact I think it was one of many questions that one of our more sceptical posters was seeking answers to,

In the presentation for the international road show it tells you:
"Off-take agreement in place based on 100% of LME copper prices less 4% commission"

Well there you have it,sale at 96% of LME price, should no longer be a bone of contention should it, seems like a reasonable deal to me, but I am not totally familiar with these things. But I'm sure there will be some-one out there who is an Expert and will be able to tell us what a bad deal it is, oh well,

cheers

cj