The Bailleau Holst forecasts from Feb 16 are a good point of reference which detail the underlying assumptions. Unfortunately the low point in the copper price forecast came before the cut back was completed and caused a near death cash flow crisis.
With that hopefully behind us and lower strip ratios and higher grades coming they indicate that we could see operating cash flows of circa $90m / annum at a coper price of $au3.60 lb.
2017 Cash flow, page-2
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