Why are you guessing? Didn't the announcement say 100 tonnes of 80% Cu concentrate? At US$5000/tonne copper (high, but round) that makes US$400k (or about A$530k), not counting TC/RC for the contained metal in the first shipment.
Looking at the March Quarterly there was A$5.8M in opex, and intriguingly, only A$4.2M forcast for the June quarter, in spite of the ramp up of production, so with current exchange rates they would be needing to be shipping more than 10 of consignments per quarter just to cover costs. Or my maths/assumptions are way out - either is possible .
The June Quarterly will be interesting in any case.
CDU Price at posting:
46.5¢ Sentiment: None Disclosure: Not Held