The current Copper price is US$3.73/lb which is a great price and well above the cost of production.
Strategy
-forget about everything that isn't Cu
-sack everyone that isn't involved in Cu production
-focus 100% on getting Cu out of the ground as efficiently as possible
-hedge 80% x 2 years of copper production at the going rate
This would put KZL in a cash flow +ve position and give us some certainty in regards to the forward price to be received.
Once cash flow +ve we could then cross fingers and hope the Zn price goes up and $AUD down. If our finger crossing works KZL might be able to flog Admiral bay off down the track for a small free carried interest.
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The current Copper price is US$3.73/lb which is a great price...
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