Look bolso it's pretty clear and I'm not sure you understand.On...

Look bolso it's pretty clear and I'm not sure you understand.
On global commodities markets, all commodities from the mining industry are sold in US dollars. That means that a weak AUD is good news for domestic mining companies, as they get more Aussie dollars back from the US dollars that they receive.
In CYM's case US$2.82/Lb x USFX$0.75 = $2.115 AUD when the study came out in March.


Here are today's FX & Cu futures rates at 4.10pm when the asx market closed compared to the restart study.
Note: The copper figures were rounded off by CYM to 2 decimal places.

Note the yearly Free Cash Flow in AUD of $300m per year from the restart study. Compare that to todays AUD$287m per year. Not much difference.

We've been over this subject plenty of times and speculating on what items cost now or in the future compared to the restart study 6 months ago is flawed. The cost of some items up, while others are down and what will they be in 12 months time?
The FX rate on the Aussie Dollar is really helping CYM currently.