Ann: Nifty Copper Operations Update, page-138

  1. 3,264 Posts.
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    Let’s struggle through developing the mine and sell the finite amount of ore we have at US$2.60/lb or... let’s leave the resource in the ground, take some time out, rebuild the balance sheet and come back and grab that ore in a couple of years when copper is at circa 40% higher at US$3.50/lb and actually make money doing it rather than lighting up shareholders funds. The ore ain’t going anywhere...makes little sense to sell it at a loss.
 
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