Seems to me that lot will depend on how much they can feed the plant at Nifty, September was the month that lifted last quarter, indicating that the extra drilling platform they brought in to the new area was starting to produce. As the Nifty plant is pretty much a fixed cost operation, getting input further towards plate capacity is very important for economics in a lower copper price environment. No control over price received but can influence cost of production with better tactics. If this quarters production has continued the trend evidenced in September tat will be likely. Whether it will be enough is another question. Copper producers all over are doing it tough.
MLX Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
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