VALORIZACION DE CONCENTRADO DE COBRE

CUSTOMER
ADDRESS

LOT COPPER-1-2009 VESSEL CAMION INVOICE PROVISIONAL

CONTRACT A-001 BL Date NUMBER FT
PRODUCT COPPER Dest. Port PERUBAR SA DATE 10-Nov-09
Date of arrival (ETA)

WEIGHTS ASSAYS PRICES

WMT 30.0000 CU % 25.0000 % payable CU 100.00 CU US$/MT 5,996.5664
% H20 8.00000 AG Oz/tc 0.0000 M.D. units 1.5000 AG US$/Oz 17.0000
DMT 27.600 AU Oz/tc 0.0000 Ref.Charge 507.0626 AU US$/Oz 1,090.0000
FRANCHISE % 1.500 AS % 0.0070 CU Price 4LME SETT
MDMT 27.186 SB % % payable AG 85.00 Initial 10-Nov-09
Treatment char 210.0000 BI % 0.0090 M.D. Oz/MT 0.0000 Final 11-Nov-09
Base US$/TM 0.0000 PB % 0.0400 Ref.Charge 0.6000 AG Price LSPOT
Up escalator U 0.0000 ZN % 0.0090 Initial 10-Nov-09
Base US$/TM 0.0000 HG PPM 5.0000 % payable AU 90.00 Final 11-Nov-09
Up escalator U 0.0000 Prov. Paym. 85.00% M.D. Oz/MT 0.0000 AU Price LGF
Base US$/TM 0.0000 Due date Ref.Charge 15.0000 Initial 10-Nov-09
Up escalator U 0.0000 Final 11-Nov-09
Down escalato 0.0000

METAL PAYMENTS Assay Deduction Payable Price US$/DMT

CU % 25.0000 1.5000 23.5000 5,489.5038 1,290.0334
AG Oz/tc 0.0000 0.0000 0.0000 16.4000 0.0000
AU Oz/tc 0.0000 0.0000 0.0000 1,075.0000 0.0000
Total metal payments 1,290.0334

DEDUCTIONS
Treatment charge 210.0000
Escalator 0.0000

Total deductions 210.0000

NET VALUE PER DMT UNIT PRICE IN USD PER DMT 1,080.0334
TOTAL VALUE IN 27.186 NDMT 29,361.79
CHARGES / COSTS 0.00
TAX 19.00% 5,578.74
AMOUNT TO BE PAID 100.00% 34,940.53
LESS PROVISIONAL PAYMENTS 0.00

NET AMOUNT TO BE PAID 34,940.53

661.386 639.3398 617.2936
551.155 551.155 551.155
110.231 88.1848 66.1386
20 20 20
130.231 28.4 108.1848 28.4 86.1386 28.4
3698.5604 3072.44832 2446.33624