Post by
AlfTanner on Oct 26, 2020 6:44pm
Okay, this quarter was hard to predict
Looking at the numbers, I see why no one was able to predict this disaster. In Q2, the breakeven cost of mining was $2.17. In Q3, the breakeven was $3.16. The breakeven cost per pound of coppper went up by a full $1 !!! That is ridiculous. The end of the Granite pit did not have much copper.
Comment by
JoeStockIQ on Oct 26, 2020 7:05pm
As previously stated, nothing here more than a minor short term correction. Further, some savvy investors may take this opportunity to add additional shares on the price dip as the long term hasn't changed a bit. Plenty of great things still to happen.