Hi proofreader,
Yes TMR will be profitable even at $2.39 per pound at current prices and unlike the commodity doomsayers I expect the boom to continue. My point continues to be that when people value and enterprise and look to invest they will weigh up the profitability versus other enterprises.
While TMR will be profitable at $2.39 those sort of costs aren't going to help the valuation. And when any number of other copper producers can produce under $1 investors will vote with their feet.
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- my calculations 1.67 per lb at avg grades
Hi proofreader,Yes TMR will be profitable even at $2.39 per...
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