SOURCE: ASX Announcement "Updated Woodlawn mine plan to generate exceptional returns" Page 3 (12/09/23)
The forecast metal prices used in the WL mine plan are some ways off the metal prices on market (Cu $9474 vs $8347 / Zn $2851 vs 2407). If the mine is turned on now, it won't be printing big money.
A recent note by Citi says they’re “neutral to bearish” overall on the prospects for copper and other industrial metals. Their 6-12-month price target for copper is US$8,000/t, approximately 2.7% below the current LME price.
Cu and Zn prices in the doldrums for now, gets better 2025-2026:
Ann: Develop Awarded Mt Marion Contract, page-92
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