is higher grade copper coming .., page-10

how can people be dismissive of these cash costs. Don't some people realise that the current cash cost is below the medium to long term price that analysts use for DCFs?? In other words people would look at the cash cost and conclude that the mine is uneconomical in the medium to longer term.

Now these people base their analysis on the -- flawed in my view -- idea that prices will drop quite a bit over the next few years to a level they regard as "long term". It doesn't matter whether that is right or wrong the reality is that people will steer clear of TMR while the costs are where they currently are.

Like other posters I'm not happy. I also recall them claiming that costs were high solely because they were using low grade ore bought in.

The absence of any mention of the low cost target in the quarterly report stood out like dogs balls.