Encouragingly, with hedging about to expire, copper broke through $ us 3.15 = $ au 3.99 today.
Guidance C1 costs are $au 2.33 to $au 2,73. which includes about 50c of already spent deferred mining and pre strip.
At these prices we are looking at a cash surplus of between $2 and $1.60 after royalties.
That adds to a lot of $s on 130 million pounds which hopefully is only the beginning.
Should swamp the current market cap, debt and other negative working capital of less than $100m
Encouragingly, with hedging about to expire, copper broke...
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