Leaving aside last year, going by the latest AISC for the quarter, it seems they are just about breaking even at current copper prices unless there is something I am missing. The current mine has a very limited future and very limited free cash flow potential. The future hinges on the new sources like Constellation etc with what appear very good grades compared to others like HCH, but this is going to take time and money. The post by phillip on a cap raise has me wondering.
Cap raising?, page-9
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $217.6M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 22.0¢ | $395.4K | 1.738M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 408165 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 214643 | 12 |
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| Last trade - 11.48am 11/07/2024 (20 minute delay) ? |
| AIS (ASX) Chart |