broker from ig gave target $2.25 today, page-26

Copper at > 3.20 usd / lb

aud at 0.89 usd

cash costs declining and grades increasing at PH but tons mined declining after 2018 when it becomes underground only.

The only missing ingredient right now is a second operation to boost cashflow and help fund Carapateena and Khamsin. It would also reduce risk by diversifying operations...

A big reason for the lack of that ingredient is current board and management strategies including timid paralysis and lack of creativity in M&A. Doing nothing has destroyed value, time to take off the trainer wheels and go for it, or give someone else a go on the bike.