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The high price of copper will make any decent discovery much...

  1. calmbeforestorm
    5,519 Posts.
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    27/04/21
    16:11
    Post #: 52755854
    The high price of copper will make any decent discovery much more economically viable. If my memory is correct NCM at Cadia in the December quarter had a negative ASIC with copper price at $US8,000 per ton and it is now about 1% below being $Us10,000 per ton, so just image how negative the ASIC will be - the effective gold margin will exceed $US2,000 for Cadia.
    MAG Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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