Surely the most important part of the quarterly was the cash...

Surely the most important part of the quarterly was the cash operating margin of $0.80/lb.

It means they can cut back temporarily on exploration costs, and focus on their primary asset for the next month or two until copper climbs back over $2/lb.

Agree that it's fairly tight if copper stays in the $1.40 - $1.60 range, but it will not stay there (if in fact it ever gets there) for very long IMO. Too many other higher cost producers will be out of action, and stockpiles will be depleted very quickly.

I find it very interesting that there are a few regular posters on this thread that take pleasure in the SP fall. Tells you a lot about what sort of people they are.