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
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Last
7.8¢ |
Change
-0.005(6.02%) |
Mkt cap ! $25.82M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.5¢ | 7.8¢ | $71.09K | 875.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 498546 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 127080 | 4 |
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| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
7.8¢ |
Change
-0.005 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| 8.2¢ | 8.5¢ | 7.8¢ | 125906 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| CBE (ASX) Chart |