I think this is good news. If you use the data from the Annual report, table 7 with a 1.2% Cu grade, 34 MT of resource and a copper price of US$2/lb then DNL will earn $90 million over the life of the project (NPV) with a 32% Internal Rate of Return, using a discount rate of 9%. I am no expert, in fact far from it. Please correct me if I am wrong, but I think that is a good result. Given that Cu has firmed up with a spot price at US$3.11/lb and a 15 month price of US$3/lb, I think that US$2/lb is a feasible figure.
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Last
$2.72 |
Change
0.030(1.12%) |
Mkt cap ! $5.011B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.73 | $2.69 | $12.21M | 4.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 317457 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 35350 | 14 |
View Market Depth
| Last trade - 15.01pm 01/07/2025 (20 minute delay) ? |
| DNL (ASX) Chart |