RE: Discussion question for Shareholders...getting really dicey at current Cu/Mo prices. Moly was a nice by product helping keep cash costs low. But now that Moly prices have collapsed, they must be perilously close to uneconomic production.
On the plus side, consumables and power costs are declining as are royalty rates. But is that enough to offset the rapid decline in Cu prices? I have my doubts. Certainly the divvy is gonna get cut or dropped.
ARG might break even, but what's the point of operating if they are simply swapping 4 quarters for a dollar on a best case scenario? Just shut the place down and go on care and maintenance.