Let’s struggle through developing the mine and sell the finite amount of ore we have at US$2.60/lb or... let’s leave the resource in the ground, take some time out, rebuild the balance sheet and come back and grab that ore in a couple of years when copper is at circa 40% higher at US$3.50/lb and actually make money doing it rather than lighting up shareholders funds. The ore ain’t going anywhere...makes little sense to sell it at a loss.
MLX Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)