According to the company's guidelines, China Molybdenum's settlement of the interest gold issue of the KFM copper and cobalt mine in the Democratic Republic of the Congo will not affect the statement income, but will directly affect the operating cash flow. The bank raised its copper production cost forecast, lowered its phosphate average selling price and trading profit forecast, and cut its net profit per share forecast for the three-year period from 2023 to 2025 by 14 per cent, 11 per cent and 5 per cent, respectively. The bank maintains a positive view of Luo Mo and is expected to be reassessed later after the settlement of the rights issue. The bank raised the target price of China Molybdenum from HK $5.80 to HK $6, with a rating of "buy".