CSE copper strike limited

Ann: Section 708A Cleansing Statement, page-5

  1. 5,358 Posts.
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    SYR should be north of $5 in 12 months when they get their Vidalia plant into commercial operation. The build will be finished in 5 months but allow 3-6 months to tune it up.

    They had a month long strike at their Balama mine last qtr driving up their C1 costs and restricting their sales so instead of being in profit they made a loss tanking the SP. With shipping availability nearly back to normal and the price plummeting back to historic levels (up 4x during the shortage) they should finally show a profit this qtr barring anything else going wrong.

    The weighted average price they are now getting has gone up every qtr from $480 to $716 last year (see below). The 162kt sold for the year was a record but the inflated shipping costs put a dampener on making a profit along with everything else. Almost there.

    https://hotcopper.com.au/data/attachments/5051/5051869-8e47df3e1979c3426563ad33b163eeec.jpg

 
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