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clock Created with Sketch. 20/11/19
09:26
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Originally posted by Cashmeoutside:
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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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It's a crazy idea to shut it down.
(20min delay)