That open pit jorc (volume) was calculated when the copper price was about a dollar a pound and the gold price was about US$400 an ounce.
5 Mt of copper and 19 million ounces of gold identified in the jorc (pre 1989. Yes, it's been a while since then.).
So, not only have the prices of copper and gold appreciated immensurably - but at these higher prices a new jorc (which should come in when they do the new DFS, slated to be completed before end of 2026) will probably define a much larger number than 19 million ounces imo.
Copper has jumped to $4.24 per pound today with every analyst tipping copper as the go to metal of the future, and gold is holding at US$2300 (AUD$3500 per ounce sounds a lot better I might say).
There are one or two stale holders trying to get out at between 60c and 70c on market.
Why investors with a long term view aren't snapping these up is beyond me - it almost defies logic.
- Forums
- ASX - By Stock
- wild assumptions on revenue/profit
That open pit jorc (volume) was calculated when the copper price...
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BOC (ASX) to my watchlist
(20min delay)
|
|||||
Last
64.0¢ |
Change
-0.020(3.03%) |
Mkt cap ! $256.6M |
Open | High | Low | Value | Volume |
68.0¢ | 68.0¢ | 64.0¢ | $51.49K | 78.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 63.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.0¢ | 79999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.660 |
1 | 782 | 0.640 |
1 | 16000 | 0.630 |
3 | 15608 | 0.620 |
1 | 8112 | 0.615 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 15000 | 1 |
0.650 | 110000 | 3 |
0.655 | 10000 | 1 |
0.660 | 30000 | 2 |
0.665 | 10000 | 1 |
Last trade - 15.52pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
64.0¢ |
  |
Change
-0.020 ( 3.03 %) |
|||
Open | High | Low | Volume | ||
67.0¢ | 67.0¢ | 64.0¢ | 7310 | ||
Last updated 15.34pm 06/05/2024 ? |
Featured News
BOC (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online