Post by
NostradamusII on Feb 25, 2021 7:08am
Dr Copper!
Copper over 4.3 USD/lb. Going to make great impact on AISC, now about 1.1 USD higher than the average sales price in Q1 report gives about 9 MUSD in added sales on FY basis only from Orovalle going forward or 0,09 CAD/share. This equals a gold price of about 1960 USD/oz if copper would have been flat as compared to Q1 report.
And the value of that OSP just keeps on increasing, the copper value in that dirt pile is really starting to dominate future extraction value, 367 MUSD contained as compared to the gold value of 217 MUSD. Hope they can get that pilot concluded soon with a strong Cu recovery level!