I got in a bit late on this one (and a bit high) but it's a long term hold for me, and I'm looking to average down on further weakness.
I did some back of envelope calcs based on the CEO's aim to be producing 30-50k tons of copper annually in the future.
Given that equates to $300-500M AUD revenue at current copper spot, does anyone have a guess on what the cost per lb for production would be using the leaching process? I figured maybe a 50% profit margin, but aren't there copper producers who produce for even less, like <$1 USD per lb? Someone more knowledgeable want to throw some numbers around?
The potential seems huge, but I may be a bit green when it comes to copper production costs.
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- Far East Capital Commentary - 24 October 2020
I got in a bit late on this one (and a bit high) but it's a long...
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Last
3.8¢ |
Change
-0.003(7.32%) |
Mkt cap ! $57.93M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 3.5¢ | $321.2K | 8.512M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 436747 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.0¢ | 128571 | 2 |
View Market Depth
No. | Vol. | Price($) |
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6 | 436747 | 0.038 |
2 | 92442 | 0.037 |
3 | 1373736 | 0.036 |
6 | 692070 | 0.035 |
7 | 366332 | 0.034 |
Price($) | Vol. | No. |
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0.040 | 128571 | 2 |
0.041 | 459907 | 4 |
0.042 | 1040491 | 8 |
0.043 | 768868 | 4 |
0.044 | 1247158 | 8 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
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Change
-0.003 ( 7.32 %) |
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Open | High | Low | Volume | ||
4.0¢ | 4.0¢ | 3.5¢ | 5245002 | ||
Last updated 15.59pm 03/05/2024 ? |
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