So do you really think that an aisc of 2.65$ (q1.2017) is really a break-even to a realised copper-price of 2.67$ if the "aisc" doesn't include overhead (admin), depr. & amort and interests and other costs??
So the cash drained from around 7.4mn (q4.16) to 3m (q1.17). So I wouldn't say that this is a "BREAK EVEN"! This is just a worst case scenario, which is still on track while they try to stop the bloody sparkling!
And for q2.2017 I would expect nothing more than there is just a penny of cash left means down from 3mn (q1.17) to some US$/cents now (q2.17)!
So please don't talk about a "break-even" if there wasn't even one after all deductions (q1.2017!)!
TGS Price at posting:
4.9¢ Sentiment: None Disclosure: Held