Copper getting close to US$3/lb, currently at US$2.87/lb or AUD$3.59/lb
Cu Cancelled warrants have jumped to 90,000 tonnes.
AIS margin should now be around $0.50/lb or $1000/ tonne or $27 million annually.
Any further increase in Cu will make a significant change to the bottom line.
Every US$0.10/lb increase in Cu will mean an extra $6.5 million profit
Good to see that the production target has been increased to 27,000 tonnes for FY2018.
I'd say AIS is about to turn northward.
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