Ann: High Grade Copper Gold Assays Extend Nugent Mineralisation, page-24

Looks like the MAC deal with Harmony Gold will see one less ASX listed copper company … the $1.6b cash offer for a 40kt producer with debt, albeit at good grades and costs seems reasonably generous.

More tightening of the copper space should translate to interest in the remaining listed producers.

As far as the high cost argument of HGO, comparison of the other peers costs indicate higher mining costs with relative very competitive costs across processing, transport, site costs etc. The increased production strategy with ongoing improvement in mining efficiencies should as reported continue to lower mining unit costs.

Confident Bob has a few more levers to pull in his plan for Kanmantoo yet.