I think it’ll cost $10-$15m to put it on C&M and say $3m per year in C&M. The mine still has value but needs a copper price of over A$4.50/lb. I think selling it for a dollar would be a bad move, it’s worth much more as an optionality play...Build the cash stack with Rension for two years, pay off the debt then go again when Cu price ticks up.
MLX Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
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