c1 costs, page-10

Gravy
You are correct, $1.70 is not a low cost producer. But it would still be very profitable at current copper prices.

You are also correct that if copper prices fall significantly costs at $1.70 will become significant.

On the otherhand copper prices might rise significantly.

The optomist in me expects that they will beat this target and then they can work towards a even lower target.

Hugh and his team are not fools and I would expect that the $1.70/$1.80 estimate is very consevative.

Also next year we have the prospect of part of the ore coming from open cut which should be a much cheaper to process.