The good news is the cure for low prices is low prices, the less capex the majors put into developing copper projects the more long term bullish that is for copper, our breakeven on this first pit is well below $2 , our best outcome if we cant produce the first batch of concentrate for min 24-36 months is prices around current levels that keep financing viable while stopping major supply increases, the more we drill and find the lower the average cost of production will be. The world is running out of decent grade easy to mine copper, current prices or lower will not kill this mine ...
MOD Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held