Exactly, I think a very easy bull case to make is $5 copper to entice new projects to fill the coming deficit (could even go as far as $5.5 or $6)
But lets take $5 (not far above the ATH of $4.9 in 2021), we would be looking at a fantastic margin!
At an increased ASIC of $3 (our restart study said $2.8, so just added some for inflation), we'd have a margin of $2 USD
Our 25ktpa is 55 million lbs per year of copper plate
This gives us an EBIDTA of $110 Million USD per year, or $164 Million AUD per year...
PE of 10, thats $1.6 billion, or roughly 15 times the current price (about $2 a share)
Would be pretty damn nice!
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4.4¢ |
Change
-0.001(2.22%) |
Mkt cap ! $67.08M |
Open | High | Low | Value | Volume |
4.2¢ | 4.4¢ | 4.2¢ | $85.92K | 1.972M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 36000 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 284651 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 36000 | 0.043 |
4 | 583228 | 0.042 |
2 | 269205 | 0.041 |
8 | 587805 | 0.040 |
8 | 571560 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 284651 | 2 |
0.045 | 803823 | 6 |
0.046 | 1672892 | 5 |
0.047 | 761111 | 3 |
0.048 | 541111 | 2 |
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