You mentioned the nearby T3 resource of 28.36Mt @ 1.24%Cu was sold for about A$167M in Jun 2019 and Rolf pointed out the Cu price was lower then (about US$5,900/t compared to about US$8,000/t currently, with the exchange rate in Jun 19 the same as the current 0.70).
I was interested in how my 2.5 - 5.0% of in-ground value rule-of-thumb to roughly value a deposit, compared to the A$167M figure.
Adjusting for the Cu price difference, turns out that about 3.2% of in-ground value provides a match to A$167M, and using 3.2% and the current Cu price increases the A$167M to about A$228M.
I use the rule-of-thumb in early exploration success stories like this, to provide some limited rationality to my position.
What’s CBE Worth, page-4
Add CBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.8¢ |
Change
0.009(11.4%) |
Mkt cap ! $28.14M | |||
| Open | High | Low | Value | Volume |
| 8.5¢ | 8.8¢ | 8.5¢ | $73.71K | 858.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23931 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 50000 | 1 |
View Market Depth
| Last trade - 11.33am 29/05/2024 (20 minute delay) ? |
|
|||||
|
Last
8.9¢ |
Change
0.009 ( 14.1 %) |
||||
| Open | High | Low | Volume | ||
| 8.4¢ | 8.9¢ | 8.4¢ | 70154 | ||
| Last updated 11.49am 29/05/2024 ? | |||||
| CBE (ASX) Chart |