With initial production of 450,000 tonnes of Ore a year through the concentrator what will SP be worth?
Very Basic Calcs
450,000 tn * 1000 kg * 2.2 (lb conversion) * 1% Cu grade (assume full extraction) * $3 lb for Cu = US$29,700,000 Gross
Double that when they get the concentrator to 900,000 tonnes production plus then further upgrades.
With shares outstanding of 81,789,065 I expect we will see $1 + soon especially towards December when mining is expected to be in full swing.
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