Hate to rain on your parade find8 but TMR stopped third party ore in Feb. Costs for the quarter remained high after the third party ore stopped due to mining low grade TMR ore. So costs won't come down dramatically until higher grades are mined. TMR has touted $1.60. We'll see.
As far as it being a low cost producer I guess it depends how you define that. I would have thought the term should be relative to other producers. When more copper projects than you can poke a stick at produce at 50-80cents I'm not sure how TMR could ever be considered a low cost producer ...unless the others are "mega low" of course.
hi cost producers gain more from increase pric, page-20
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