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To: dynachrome

Spot price of copper is about $6700 per tonne. A little quick math gives 20000 tonnes is worth about $134 million.


5 posted on 06/04/2014 7:12:56 PM PDT by Steely Tom (How do you feel about robbing Peter's robot?)
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To: Steely Tom

“$134 million”

It may not seem like much, but the article sez that the metals may have been ‘re-hypothecated’, used as collateral more than once. If so and no longer there, who knows how much money is involved.


6 posted on 06/04/2014 7:51:22 PM PDT by dynachrome (Vertrou in God en die Mauser)
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