RE:RE:Fitch cuts copper forecasts to $2.41 in 2020 and $2.63 2021Almost certain that TKO or TGB will survive with those copper prices. Why? Low oil price will cut the operational costs by about 25 cents per lb. Lower refining cost in China plus cost cutting at TKO should save further 7 cents per lb or more. This will make TKO at cash flow breakeven copper price around $2.3 per lb or lower. Together with $2.6 put option till the end of April, TKO should survive.
You will not see $1.6 per lb copper price as you wish with China back to normal and Europe has passed their peak in terms of Covid 19, neither will TKO rise to $1 share price short and medium term as others here wish.