The $6,700 per tonne refers to an assumed value of copper per tonne - the commodity price. At the assumed grade of 3 percent copper per tonne that equates to $210 per tonne of ore. By way of value comparison 3 percent copper is equivalent to about 5g/t of gold - the majority of gold operations have head grades of 3 g/t or less although underground mines would average closer to 4 to 5 g/t.
Another comparison that can be made is with direct shipping iron ore which currently trades at about $100 per tonne, ie 3 percent copper is worth twice as much as DSO iron ore - underground base metal mines are not really comparable with open cut iron ore mines but it provides a bit of an idea for of the value of an orebody with a grade of 3 percent copper equivalent.
The other point is that PEX now have the rights to 50 percent of Mallee Bull so the assumed 4 million tonne resource is divided 50/50 between PEX and CBH. 2 million tonnes multiplied by $210 dollars equates to a value of about $400 million. Ten percent of that is the $40 million I previously mentioned.
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $81.35M |
Open | High | Low | Value | Volume |
13.0¢ | 14.0¢ | 13.0¢ | $37.57K | 269.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 147483 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.140 |
1 | 70000 | 0.135 |
2 | 184749 | 0.130 |
3 | 78007 | 0.125 |
1 | 37031 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 147483 | 2 |
0.150 | 140899 | 5 |
0.155 | 104087 | 3 |
0.160 | 53466 | 3 |
0.165 | 80000 | 1 |
Last trade - 15.33pm 12/07/2024 (20 minute delay) ? |
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