from the announcement:
Emerging copper producer Redbank Mines Limited (ASX: RBM – “Redbank”) is evaluating early development
options for an initial open cut mining operation producing 6-10,000 tonnes per annum of copper at its Redbank Copper Project in the Northern Territory after announcing a 20% increase in the JORC compliant resource tonnes with an increase in contained copper metal to 71,000 tonnes.
doodling some numbers:
proposed production 2009
Copper production say tons p.a.7,000
copper price USD 7,500
exch rate 0.85
revenue AUD 61,764,706
30% profit 18,529,412
Less 30% tax 12,970,588
EPS 0.086
PE 8
value per share 0.692
RBM
redbank mines limited
