Costs ~ $2.3 per pound. This is shocking news. Copperco costs are 83 cents per pound. The talk about industry consensus of higher costs going forward seems to be all about preparing shareholders for ongoing bad news on costs.
Sure it is still profitable on current copper prices but when so many other (much) lower cost producers exist why are people going to invest in TMR rather than any number of others??
Not happy.
we have pre open folks , page-11
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