Yes, AIS need the Cu price above US$2.89/lb to make a profit. I did note that the cash on hand and receivables is up by $8 million since last quarter.
Although AIS is a high cost producer, if Cu remains above US$3.20/lb then the cash should roll in. ie AUD$24million pa.
What we need is Cu above US$3.50 to really put AIS on the map.
At US$3.50/lb = AUD$47.5 million pa.
One good year and buy back all the CNRPS.
Ann: QUARTERLY ACTIVITIES REPORT - SEPTEMBER QUARTER 2017, page-5
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