The Company is increasing its AIC per pound of copper cost guidance for 2022 to the range of between US$2.75
and US$3.25 because of the higher-than-planned AIC in H1 2022 and inflationary pressures noted. As production
is expected to increase throughout 2022, and there were a number of non-recurring expenses in H1 2022, the
Company expects AIC to improve for the remainder of 2022.
On inital reading I read that as AIC guidance for the remainder of 22 as $2.75-$3.25 but the higher than planned in H1 comment doesn't make sense unless they're talking about the overall AIC for the year.
In that case based off of mid production and cost guidance, they're forecasting AIC of $1.74 in H2.
Results in something like a PE of 2 at these depressed copper prices, hard not to be a buyer imo.
Of course their guidance might be as useless as the last Q and who knows where the cu price is going so pretty speculative.
The Company is increasing its AIC per pound of copper cost...
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