Another problem for me is the fact there is a two year ramping-up period from 2026 so it won't be in full production until 2028 - as the production will be lower in this period then AISC will be even higher than the LOM average so their profits(if any) will be skinny at best. And we might go through a couple of commodity price cycles between now and 2028 - so if you were looking for copper exposure in your portfolio today then I don't think this is the solution.
But I'm still watching as the current market cap is low, however it's a matter of how many shares are likely to be on issue by 2026.
NCZ Price at posting:
$1.03 Sentiment: None Disclosure: Not Held
