The last broker report I read on PH had it as being NPV neutral after the capex blowout. This was on a long term Cu price assumption of 1.20/pound which is historically high even if it sounds cheapish today
It comes down to Cu price, you'd need to be a believer in 2.50/3.00 pound for a considerable time for a $6 share price.
OXR
oxiana limited
technicals indicate way overbought, page-16
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)