Hey @rarebird1971, like that but you are being way too conservative !!!!
in 2 years time (lets say end Q2, 2024), they will be producing 25-30,000 tones MINIMUM copper plate which will mean they have just achieved $180-200m revenue for the year. They will have also advanced Maroochy (probably closed to being mined) and Nanadie/Murchison (which will have JORC done and getting ready to mine). So the upside from there is another $300-400m pa on top in the not too far distant future. And they may have paid down most of the debt if they wanted to.
By that stage, we will also have IGO letting us know they have another Cu deposit in the Paterson Project area. Another lovely dollop of funds. We hope.
I reckon they will do the Maroochy leaching on site and transfer the liquor to Nifty. Maybe, maybe not but makes sense to centralise at Nifty. IGO might also use Nifty if they find something. Again, why build a plant when Nifty is there. So we charge for the processing. More funds.
So in 2 years, the market will have seen the boys at work, will see the $$ flowing in and will see the value of the other assets that probably/hopefully have another 2 million tons of copper metal in resource. PLUS, they will have been bold and found another couple of copper tenements that someone tried to leach and failed.
What sort of Market Cap do we think that will produce ? IMO, $1bn.
Or $2/share. Quite achievable. 5 years down the track, $2bn, $4/share.
DYOR
Cheers
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