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3.3¢ cyprium metals limited

Ann: Nifty Copper Project Restart Financing Update, page-292

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Bison8

1,067 Posts.

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03/03/23

17:28

Post #: 66591405
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Originally posted by hightrax: ↑

Well, I have not put a lot of time in at the moment, but my management and financial education (thanks to supportive family at least in part) is about as good as it gets and we are looking at a desperate critical path situation here. 90 mph down a dead end street. I remember there were ore production problems with volume way too low, but it was the critically the price of copper that finally stopped it. MLX were losing money at Nifty hand over fist, but at about half the present copper price. Think quite a lot of copper mines shut down then its the economic cycle. Thats the way it goes. If they do this there will still be a plant there to treat the deeper sulphides under the shallower open pit oxides, which will be a rusted out wreck by then if it is not restarted. Win-Win?

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True that MLX did suffer from low copper prices but that's not what stopped Nifty. Go through all the MLX quarterly reports/asx announcements like I have and you'll get the right picture. That's basically why the sulphides will never be underground mined again.

CYM Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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