This is ridiculous. $6.6m concentrate stockpile at the start of the month which will be sold and ongoing production which will also be sold.
Copper has fallen to $8,150 in USD, which is now $8,150 in AUD. Two months ago copper was $8,500 in USD, which was $8,095 in AUD.... Miners' costs and profits are AUD not USD, so as long as they keep producing copper and selling it, KBL will make more revenue than 2 months ago.
Iron Duke results out within the next month, plus Pearse North.
Gold production next financial year together with a second mine producing Lead and Zinc... Most investment banks have >50% upside to lead and zinc prices in 2013 due to mine closures..
Am I missing something or should KBL fall on $2,500?
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