https://oilprice.com/Latest-Energy-News/World-News/Billionaire-Mining-Investor-Says-Copper-Price-Plunge-Wont-Last.html
"Robert Friedland, billionaire mining investor and founder of Canadian mining company Ivanhoe Mines, is unconcerned with the recent plunge in copper prices as medium and long-term demand for the metal is set to soar."
In a crazy way as long as the coy remains in operation this shut down may work in our favour! Demand is forecast to increase over the coming years so better to be mining when the copper price is above $4US! If they can't get the AISC below $4, then as long as insurance covers most of the costs a hiatus in mining might not be a deal breaker. Doesn't mean that management shouldn't be trying everything in their quiver to get it below $4 though!
gla
T
Capital Raising Required Shorters Ruthless, page-13
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