As indeed it is for all Australian copper producers. Copper companies still developing their facilities who need to buy 300km of copper cable, however, will be adversely affected. Because the copper will cost more.
But that's the impact upon the operating margins. What about the debt that SFR owe? How does it effect that? Actually, it isn't affected at all, because the debt is in Australian dollars. Any company that has debt in US dollars, however, will be adversely affected when it comes to repaying the loan as, unless they have sufficient USD income they'll have to sell more Australian dollars to buy the US dollars they need.
CDU Price at posting:
$1.41 Sentiment: Sell Disclosure: Not Held