Reference:
1st Quarter Report 2008 Management's Discussion and Analysis
Based on an expected cash cost of production of $1.40 per pound and current prices of approximately $3.40 for 2009 delivered copper and $3.15 for 2010 deliveries, the operating net cash flow projected at a production rate of 15 million pounds per year suggests the possibility for a very rapid repayment of invested capital.
The Company may enter into contracts for sales of future production in order to fix the price for future deliveries to be made in the first two years of production.