RE:RE:RE:RE:RE:RE:Brendan...FrankVD wrote: fleamarket wrote: BrendanC wrote: For those who think this might be a bad idea... Copper was $2.45 in January... They saw Cu was moveing up and now sits at $2.73. It has had strong upward movement since January and my reads show it not moveing back anytime soon. If we stay at this rate, and the PEA is done between now and next month,, as opposed to this past January, add about 10%-15% earnings on our Copper alone. Timing, thats what Glenns about.. 1.8 billion lbs at $2.45 or $2.75? Which would you prefer the PEA done in?
540 Million more for those who don't do math so good. lol
All companies have a forecast metal prices .. they will be based the above .. not on the price of the day ... lol ..
They may use figures like - High - Mid - and low. Even if they did Frank, it would still just add another 10-15% from January. A high estimate then may have been $2.75, now they can use $3.00. Cu is not gold price and doesnt have the volitility that gold does. Gold can fluctuate +/- $100/oz in as little as a week or two. Cu is not nearly as volitile in which case they may use a higher figured but in terms of Cu, +.30 is a lot of money for EGX.
Google translate
Ils peuvent utiliser les chiffres comme - High - Mid - et basse. Même se ils le faisaient Frank , il serait encore juste ajouter un autre 10 à 15 % par rapport à Janvier . Une estimation élevée, alors peut-être $ 2,75 , maintenant ils peuvent utiliser $ 3,00 . Cu est pas le prix de l'or et ne marche pas avoir l' volitility que l'or fait . Or peut varier +/- 100 $ / oz en aussi peu que une semaine ou deux . Cu ne est pas aussi volitile auquel cas ils peuvent utiliser un plus figuré mais en termes de Cu , +.30 est beaucoup d'argent pour EGX .