Jojo you are right on the copper front. The boys were srambling for cover this week when it was revealed China copper imports for Feb (which is normally a slow month) surged 70%. Medium term strength into the low three dollars per lb should continue.
And Krazy1 you are not so crazy. Based on a USD3/lb copper price I get an earnings per share (after tax) of AUD1.47, earnings multiple of six and we get more like a AUD9 sp.
This is without uranium,further discoveries and byproducts.
smart announcement today..., page-3
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