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C6C copper mountain mining corporation

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$2.79

Ann: Half Yearly Report and Accounts, page-4

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arja

2,304 Posts.

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21/08/20

16:05

Post #: 46724823
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Originally posted by psi81: ↑

Operational performance looks good, overall result looks okay considering how terrible copper prices have been this half.

If you strip out forex and unrealised effects, it seems they almost broke even for the half year. Considering their realised price was $2.49 that is a good result compared to previous years where it was in the vicinity of $2.90 breakeven, now it's probably around $2.60.

At the current copper price (~$2.90) they should actually be generating a proper, full-cycle profit now, after depreciation, finance costs and admin. Still need copper prices to be sustained above $3 to really generate any sort of distributable profit or to fund Eva.

But that's out of their hands, so let's hope they can keep this sort of operational performance going.

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lovely looking chart but quite near long term resistance . Highly geared and not yet making a profit but sometimes these semi spec stocks are worth trading such as today . I just noticed this stock too late to benefit today ! ( wry smile ) .

C6C Price at posting: 88.5¢ Sentiment: Buy Disclosure: Not Held
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Ann: Half Yearly Report and Accounts, page-4

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