Hmmm….it looks ugly for profitability just now. One might reasonably assume that revenues are currently constrained by hedging that is working against us now that the CU price is on its way.
I would also assume that much more ore will start to flow at current cost levels as processes, practices and methods are refined.
if not then something is seriously broken in our business case. I get it that costs are higher than expected, often that’s the case. But with cu on its way, revenues will likely be higher also. If we can’t make money with CU at say 5 bucks, then there is a huge problem and heads need to roll.
HGO Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
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