$80m market cap? Might want to convert that to $US.
Something to consider - US$300m would take us out at 8.4 cents per share and clear the debt. Copper at current prices would see EBIT close to US$70m, at $3/lb approx $100m.
Hugely attractive returns in anyone’s language. Also add to this the potential for cobalt and further copper expansion.
I think we all agree that this is a copper price dependent story, but with a bit of positive company guidance this could be off to the races.
Yeatesy.
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