Them be the words of a nay sayer, who doesn't hold!
Well, I'd be a bit of a goose if I contradicted my own research.
I beleieve the capex to be conservative( laying it all on the table..so to speak)
Perhaps
"poor internal rate of return", I dont know what that means.
IRR is incredibly important in financial analysis. It is a measure of the quality of return on initial capital investment.
High sensitivity to commodity price change is a function of the current governments mismanagement and ridiculous taxation regime.
While those issue don't help, the sensitivity is due to the slim margin between expenses and revenue and significant capex.
the best undeveloped copper play in aus?, page-5
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