Charlie, you write sense. We are in a much better situation than a year ago. We really were in a bad situation with Cu under 2.00, threat of civil war, a mine structural issue and the idea that funders could pull the plug at anytime under a scenario of never being able to pay it back.
This is, and has always been, a bet on Cu. Most of the circumstances that could of pushed us over the edge are alleviating. I was especially worried about civil war, as most would know. Because if management isn't there, then how can you effectively manage a mine?!
Nevertheless MS, Nikec have tabled well thought through scenarios of cashflow and P/L. The fact is AISC have crept up, and we need TGS to be able to deliver as described after debottleknecking and without any further incidents. But the key is to hope, (and it is hope), for Cu to remain above 2.50 but closer to 3.00 for us to get this ticking along. Good luck to all.
TGS Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
