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4.00% 5.2¢ true north copper limited

You are confusing LME price of copper sold with cost of copper...

  1. tablelander001
    61 Posts.
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    06/09/23
    17:36
    Post #: 69758412
    You are confusing LME price of copper sold with cost of copper sulphate produced. A common mistake even the Morgan’s report makes, thus is way off accurate. Margins are still good though for this kind of operation and don’t forget copper sulphate sells at a premium to the copper price.
    Last edited by tablelander001: 06/09/23
    TNC Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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