copper price at a record, page-22

Just for the record I'll clarify my $1.40 comment. I didn't exactly crunch any numbers to come to it, in reality AVM would be marginal somewhere around the $1 mark.

However that's assuming all goes well, I added another 40c to factor for all the unknowns that seem to plague us. Cash costs have been kept surprisingly low, even with the huge increase in smelting costs. Real costs however crept up. We had a financial settlement, a $800,000 penalty for not delivering enough concentrate and all those travel and lawyer expenses. A one off for sure... until something else happens.

Fact remains we need to get more trucks moving, transportation has been an issue for the last 18 months concentrate is no good to anyone sitting in a big heap. If we get this issue sorted we'll be laughing our heads off.