Yes the $1.61 is way out of date. Costs AND the copper price have both gone way up since the last study.
Your $3 however seems to me like a wild guess, and even if by chance was anywhere near correct is out of context with both the current copper price and with the position on the cost curve. I do not believe there is reason to believe industry cost increases are going to substantially change RXM’s position on the cost curve (for new projects).
Not sure why you are publishing so much on rewind, in aid of supporting such a wild guess?
EL
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