"In addition, the realized copper price declined 17% to $4,701 per (~2.14/lb)
tonne."
And the expected 2016 avg. out of report is 2.16/lb.
But it doesn't matter anyway because the cogs are not congruent to the gross margin, which we should see if the aisc is max. <1.70/lb (2016 fc) and sales per lb is over >2$/lb... (therefore gross margin should b min. 15%!!!).
So I just wanna point out the big difference betw. cogs (cash costs) vs aisc which IMO makes no sense and should be explained in the notes (1 time extraordinary costs etc.?)..
TGS Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
