DML discovery metals limited

Yesterday's ann said they were expecting to produce 35,000...

  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
 
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