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.
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Last
59.0¢ |
Change
0.055(10.3%) |
Mkt cap ! $236.6M |
Open | High | Low | Value | Volume |
53.5¢ | 59.0¢ | 53.5¢ | $3.841K | 6.751K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2000 | 52.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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60.0¢ | 41632 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2000 | 0.525 |
1 | 10000 | 0.520 |
1 | 20000 | 0.515 |
2 | 5200 | 0.500 |
1 | 6100 | 0.490 |
Price($) | Vol. | No. |
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0.600 | 1632 | 1 |
0.620 | 300 | 1 |
0.640 | 8700 | 1 |
0.650 | 10000 | 1 |
0.720 | 900 | 1 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
53.5¢ |
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Change
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Open | High | Low | Volume | ||
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Last updated 10.10am 07/06/2024 ? |
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