After I posted my pervious response, I did some research on CUO. At full production it proposes to mine 30,000tpa of copper. If it was taken over by ZFX, then the ratio of gross revenue would be 70% Zn, 15% Ni and 15% Cu. ZFX is aiming for a ratio of 30% Cu. So to fulfill that ambition, it needs to be able to produce approx 60,000tpa of Cu. I am not certain CUO fulfills their strategy.
Hitman, I would be interested in feedback on the analysis.
ZFX
zinifex limited
