RE: No value12 Oct 2023 18:11
Agree with a lot of the posts!
My concern with talk of higher copper price is, you have to also consider the cost of capex, opex and inflation. Its all well and good saying that at $10,000 copper price, BR puts out great profit (Colins words at AGM) but at what price of extraction have the calculations been made.
Once we get to a sustained copper price of $10,000, that the majors accept as a base to evaluate a project....what will be the opex and capex, and said time!
$10,000 copper may not mean the project is sustainable at future capex and opex cost when $10k copper is considered the norm.
This is my main concern and until the official reports have been made public, we can not make an informed investment decision.