Re: Dollar down below 88 cents
posted on
Nov 04, 2014 01:47PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Isn't the normal way of calculating the metal prices is to use the 3 year average. Not the daily price? That would change the picture on how bad the negative side your showing is.
Now if you did the same with the exchange rate it does pretty much balance out.