RE: The real reason for the current share price.10 May 2025 16:22
Good afternoon NotMuchMoney.
I believe that we lowered the grade with the rising price of copper.
But at the time when they lowered it from 0.3% to 0.2% this just about made it economical in the long term with block cave recovery.
I never understood cutting it to 0.16%.
I am unsure about the costs of open cut for Cascabel, as although it's cheaper to start up.
It's more expensive for recovery in the long run, as that was the purpose of block cave, to target the high grade elements first, and so we had richer concentrate for sale.