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
copper price
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Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.9M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 6.2¢ | $385.2K | 5.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1408295 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 392626 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| HGO (ASX) Chart |