Looking through niftys results more closely they’re worse than first thought. They started the quarter with the following inventory
Ore stocks - 67kt @ 1.49% Cu for 1,000t Cu
Concentrate - 3254t
and ended the quarter with
Ore stocks - 22kt @ 1.21% Cu for 266t Cu
Concentrate - 2617t
had they not drawn down on so much inventory their cash and production figures would have been much worse. They don’t have long to turn this around before it’s placed on C&M
Ann: Nifty Copper Operations Update, page-94
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