Overview
I'm working on a calculus exercise and need an explanation and answer to help me learn.
(Please use the below product specification data and answer the following questions :
Ma’aden product specifications for Dec-18 shipment is (WMT =1,200 , DMT =1,092, Au = 5 g/t , Ag=51 g/t , Zinc = 50%)
- If the customer will deduct 3 ounces per dry metric ton of the Concentrate and pay 70% balance of the Silver content at the LBMA Silver Price.
((Please note that the “Oz” means ounce, which equals 31.1035 grams))
What is the payable content of Silver that Smelters should pay?
- (1,790.00) Oz
- (1,253.38) Oz
- Nothing from Above