DML discovery metals limited

value of production

  1. 47,086 Posts.
    Yesterday's ann said they were expecting to produce 35,000 tonnes of copper. Copper spot is US4.24/lb. There are 2,205 lbs/metric tonne, so that is 80 mil lbs, ergo the copper should be worth US$320 mil and the silver US$30 mil.

    Have I missed any zeros?

    This is from a Rio site:

    Conversion of weights and measures

    1 troy ounce = 31.1 grams
    1 kilogram = 32.15 troy ounces
    1 kilogram = 2.2046 pounds
    1 metric tonne = 1,000 kilograms
    1 metric tonne = 2,204.6 pounds
    1 metric tonne = 1.1023 short tons
    1 short ton = 2,000 pounds
    1 long ton = 2,240 pounds
    1 gram per metric tonne = 0.02917 troy ounces per short ton
    1 gram per metric tonne = 0.03215 troy ounces per metric tonne
    1 kilometre = 0.6214 miles
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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