RE:Copper broke 3$ why is this stick still slidingI find this diagram helpful for Red Chris - https://www.imperialmetals.com/assets/docs/04-12-10-redchris-3dlong-section.pdf. As you can see, to join the Main Zone, where they are presently mining, to the East Zone, they need to mine all the low grade ores and do the pushback of waste rock. The deeper they go, the better the grades, the less oxidation (which affects the recovery negatively), and the less stripping to do. 2018 should be much better grades and recovery, with lower stripping costs.
At Mount Polley, they will be into better ore next year as well. Plus they will be back into the underground high grade to mix in.
At Huckleberry they should be able to restart and they now own 100% instead of 50%.
My opinion is we would be at a higher valuation than $6 by mid 2018.
When looking at the Red Chris diagram, you can see the ore which they are targetting for underground block cave. That is where the real money will be made. Several years away though.
However, as most of here, I have been wrong before.