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11/07/18
12:06
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Originally posted by cptcaveman
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They've used $3/lb in their PFS...well $3.20 for the first 2 years and $3 thereafter for a decent NPV on T3 pit alone.
Why $3.50?
Also, they've used 0.76 as the exchange...and that has come off a touch.
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$3.50 is usually the price thrown around for a new mine to be viable. Though I have not seen the economic modelling in detail. Couple of sources repeating that figure:
http://www.kitco.com/news/2018-06-0...de-Wars-Because-Of-Growing-Supply-Issues.html
(at about 8 minutes)
Both of these sources are bullish on copper in the long term, I'm just personally taking a wait and see attitude for the immediate future.
All the best.