CARAVEL MINERALS LIMITED (ASX:CVV) - Caravel Copper Project - Bankable Feasibility Study, page-34 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Strong and increasing global copper demand.

Originally posted by Quest09: ↑

A few articles on global copper demand.

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Australia's largest undeveloped copper project

Originally posted by Quest09: ↑

"Australia's largest undeveloped copper project"

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Pre Feasibility Details for 100% owned Caravel Copper Project:
- Project NPV increased to A$2.0B
- Project payback reduced to less than five years.
- IRR increases to 21%
- DFS scheduled for delivery in 1st Half of 2024.

Originally posted by Quest09: ↑

Pre Feasibility Details for 100% owned Caravel Copper Project:
- Project NPV increased to A$2.0B
- Project payback reduced to less than five years.
- IRR increases to 21%
- DFS scheduled for delivery in 1st Half of 2024.

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CVV to also recover Molybdenum from Copper ore.

Originally posted by Quest09: ↑

CVV to also recover Molybdenum from Copper ore.

Molybdenum recovery circuit also included into the processing plant in order to recover and sell Molybdenum as a separate by product.

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Top option holders reflecting big industry names.

Originally posted by Quest09: ↑

CVV top option holders reflecting some pretty big industry names.

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NPV increases by $1 Billion for every $US 0.50c/lb increase in Copper prices above $US 4.00c/lb.

Originally posted by Quest09: ↑

I don't think what you stated is exactly accurate.

The reason I monitor the Copper price is because obviously CVV is building a Copper mine. The potential for Copper shortages on the international market in the coming years are openly known. As i understand it, the demand for Copper is increasing significantly and the Copper supply is not going to be able to keep up. This supply/demand relationship is playing out in the uptrending Copper prices. An uptrending Copper price is obviously relevant to CVV's project.

You said CVV needs to be "above $US 4.00/lb to be turning a profit", but i don't think that is correct.

The Pre-feasibility Study did use an assumed price of $US 4.00/lb (as shown in below screenshot), but at that price the NPV is calculated to be $2 billion dollars (PFS details shown directly below).

Pre Feasibility Details for 100% owned Caravel Copper Project:
- Project NPV increased to A$2.0B
- Project payback reduced to less than five years.
- IRR increases to 21%

If the price of Copper increases above $US 4.00/lb, then the NPV goes up significantly (as shown in below screenshot, about $1 Billion for every $US 0.50c/lb increase in Copper prices).

However, if the price is a bit lower than the assumed $US 4.00/lb, then the NPV will also reduce, but that does not mean that the project is not profitable.

As I mentioned above, the potential for Copper shortages on the international market in the coming years are openly known, and if today's Copper price is at about $US 3.90/lb (up again today, and shown in below screenshot), then it is arguable that the Copper price will be well above the price assumed within the PFS of $US 4.00/lb when CVV is ready to produce Copper (in the above screenshot, CVV also state that the price of $US 4.00/lb is a "modest assumption" and that "there is significant scope for upside on these prices").

So accordingly, there exists a likelihood that by the time CVV is ready for production, the Copper price will be well above $US 4.00/lb, and that for every $US 0.50c/lb increase in the Copper price, the NPV for the project will also increase by about $1 billion dollars (as shown in above screenshot).

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CVV looking underpriced and ready for a move up IMO.

No.	Vol.	Price($)
3	142428	18.0¢

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3	142428	0.180
2	22500	0.175
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3	59200	0.160

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142428

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Price($)	Vol.	No.
0.195	100000	1
0.200	77755	4
0.205	141574	1
0.210	72500	2
0.220	162500	3

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77755

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141574

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162500

(20min delay)
Last 18.0¢		Change -0.010(5.26%)		Mkt cap ! $94.37M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.0¢	$41.43K	221.8K

Caravel Copper Project - Bankable Feasibility Study, page-34

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