2017 Annual Report

Best comment:
"In the second half of 2018, this should have a material impact on the balance sheet and will position the company to pursue growth options and consider returning some of the value to shareholders in the form of fully franked dividends."

Mid-point of guidance 23,000 tonnes Cu and cash costs US172.5c suggests that an average copper price of $US310c (about $A8900) will yield cash flow of around $90m.

There could still be a few profit-takers out there from the cheap issue but the Top20 now hold 66.7% of the company and will probably wait for the dividends.