Hi Charles, thanks for the mention, and great article too. I'd be interested if you know what is the approximate % level below the copper LME the Copper Concentrate achieves? As you know much of the future growth would be Concentrate (unless they build another Sable!).
Taken from the Interim Report: "The decrease in the average revenue per tonne of copper unit is mainly because of the increased proportional sale of copper concentrate at a % below the copper LME which has the effect of lowering the revenue per tonne of copper unit. Sale of copper concentrates contributed to 57% of copper units during the period under review (FY2023: 24%)."
To your query -I don't know and suspect it has been deliberately kept from investors while they optimise operations. Arguably good commercial reasons to keep this info from rivals as well, but will ask Leon in the upcoming investor call - most likely now Thursday next week.
Any other questions for him, leave them here - can't promise answers but will be recorded with a live audience.
Hi Charles, thanks for the mention, and great article too. I'd be interested if you know what is the approximate % level below the copper LME the Copper Concentrate achieves? As you know much of the future growth would be Concentrate (unless they build another Sable!).
Taken from the Interim Report: "The decrease in the average revenue per tonne of copper unit is mainly because of the increased proportional sale of copper concentrate at a % below the copper LME which has the effect of lowering the revenue per tonne of copper unit. Sale of copper concentrates contributed to 57% of copper units during the period under review (FY2023: 24%)."
OB
You do great work.
To your query -I don't know and suspect it has been deliberately kept from investors while they optimise operations. Arguably good commercial reasons to keep this info from rivals as well, but will ask Leon in the upcoming investor call - most likely now Thursday next week.
Any other questions for him, leave them here - can't promise answers but will be recorded with a live audience.