Hope they haven't "officially" sold it and just stalling the negotiation these 6 months or can "change" their mind, as PoN is getting back to $6.50US/lb (last production reported $5.42), REAL going to 3.50 (last production reported 3.07) and LME is still dropping.
Copper is $3.10US/lb (last production reported $2.61), don't tell me that doesn't increase their by-product credit by 20% and lower production cost further......who the hell is advising them????
"Let's sell it at a low-ball offer, even though, yeah, PoN and REAL are all heading in our favour, just do it now".
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held