Very disappointing statement. Copper has been trading at record levels for most of the last 3 months. If MRX cannot make serious cash in such an environment, then there is little hope. Maybe it is just me, but the part I really don't understand is how the average price for copper sold is $3.24. With a 100% offtake agreement and being apparently unhedged this just cannot be correct since copper last traded around $3.20 at the beginning of january. Once again, maybe I just get it ... but something just is not quite right with this company.
MRX Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
