They are not cash flow positive... but they are however making a...

They are not cash flow positive... but they are however making a profit. Two different things...

Ive been a huge advocate of this stock, i sold out a few weeks ago. Was not expecting that big of a drop in copper. My model is indicating too much risk at the moment. For those who decide to stay and if refinance goes as expected should be a nice 10-15% jump..

At this copper price, they make approx 8mil a year of profit.. That's if copper stays where it is and everything else goes as expected. The issue is that they arn't able to repay the proposed debt installments.. they will run out of cash.. Breakeven point for cash flow positive was @2.3-2.5lb (approx) . Break even for profit is $1.9lb (approx)

Im out for now, will be back in once debt is finalised and copper bottoms out. GLTA

#appologies disclosure should be "not held"