Post by
frances1 on Oct 24, 2021 11:48am
Copper the metal for the next 2 decades
Lumina has 2B pounds of copper in the ground
If copper doubles in price as a lot of people believe with the green inititatve and the amazing amount of copper this will take...
so add $4 per 46M pounds average annual production of copper.. does that reduce the gold AISC to roughly $100 per ounce?
$185M copper bi product credit divided by 366k ounces of gold production per year....so roughly a $500 credit per ounce of gold. AISC right now is just over $600 per ounce according to the presentation....
if my math is correct, this looks pretty good