IVA 0.00% 21.5¢ inova resources limited

when will the company be cash burn positive, page-7

  1. 8,033 Posts.
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    Justlookin

    AUD could be 80 cents within a year

    I think with the copper price

    Copper price has dropped from $3.50 to $3.30 in 6 months

    http://www.kitcometals.com/charts/copper_historical.html

    AUD has outstripped that

    I am thinking that copper at $4 lb AUD
    the bleeding could stop

    Copper price is heading up AUD is heading down
    the only thing needed is to get the costs down

    Production cost at $2.72 in the previous quarter is where
    we need to be heading

    A great opportunity here for a 10 bagger
    you don't get many chances like that

    There is risk but not really high risk

    Probably top up with some mopre next week

    IMOO

 
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