CE regarding costs where he got the words Tier 1 into the sentence "we're just above Tier 1 level costs"... sounds good if you 'blink and miss it'
Those up in the Andes are holding the whip hand in my view and CE has said a couple of times in interviews that they don't want to rush these things (negotiations)... but they need to don't they otherwise the next step just gets further down the track.
HCH have an IRR 'range' and if you work off the low point in their range and include obvious massive Capex cost increases not currently thought about then it's gone altogether, well not gone, but in the negative.
You can argue the point but there's always reasons why a share price is as it is... and don't get me started on the 'payback period'.... it's just another metric used to measure against peers, it's one of dozens of metrics to look at if you're too lazy to crunch the numbers and look reality in the face, is it commercial? The price of Cu needs to rise, and rise quick, and maybe RR is right about a starter pit, how 'bout that!
There's so many moving parts to address, many relying on others, where do you start?
At least you've got two years of drilling upcoming.
HCH Price at posting:
56.5¢ Sentiment: None Disclosure: Not Held
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