That's a bloody good set of numbers. Very impressive cashflow...

That's a bloody good set of numbers. Very impressive cashflow and net profit figures.

Well done team. Although I have to wonder how they could get the AIC guidance so wrong previously - from $2.20-2.35 to $1.80-2.00 is an enormous drop. They must have known the mining conditions were going to change to higher grade, higher recovery and lower strip ratio.

At any rate that should drag the total cost down to around $2.70/lb IMO, including D&A and interest. If copper holds above $3 things are looking good.

They say they are progressing Eva funding options too, though I won't bank on Eva actually happening until I see a photo of the sod-turning ceremony.