What's up?
The AUD$ price of copper and zinc!
Last LME Cu AUD$8340 and LME Zn AUD$2360 compares with the BFS assumptions of $8120 and $2204. VXR project economics have improved substantially (revenue up, C1 down) from the base case scenario. With the AUD$ now forecast to move below .8500 the economics will move exponentially higher.
Plus- Further sales of non core assets tops up the bank and unlikely to require any further capital in 2014.
Plus- Potential for some positive exploration results and final approvals and feasibility study for development,
make VXR capable of re-scaling the heights..
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What's up?The AUD$ price of copper and zinc!Last LME Cu AUD$8340...
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