copper - new high Well it also looks like we broke the previous high from back in March. Cu now $1.4223 per pound or on the LME at $3,139 per tonne.
Outstanding stuff!
Even at a generous production cost of $0.60 pp (and we should be significantly under that) and an average sale price of $1.30 pp we're looking at around $30 mill $US profit for 12 mths of a fully commissioned stage 2.
Even reducing that by 10% for the governments share and 6% for the net smelter royalty leaves the company with approx $25.5 $US in the kitty.
Even at $0.60 a share it's cheap cheap cheap.
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