ProfitTaker He did say he was in a hurry. But just to have a slightly rosier and then a very rosy look at the figures here goes:
30,000.000 T @ 1.24% = 372,000 T Cu eq. @ $8500T = $3,162,000,000 Min.costs @ $17.50 $ 525,000,000 Admin @ $5M per year $ 50,000,000 Net revenue $2,587,000,000 30% tax 2.5% royalty $ 840,775,000 After tax % royalty $1,746,225,000 Per annum $ 174,622,500 Per share (140M) $1.25 rounded off Value PE 7 = $8.73 Then there's the other 200M odd tonne plus future exploration Wilgar,SW Corner etc. Plus the native copper.
______________________________________________________ And then the rosier picture which has a fair chance in my opinion.
30,000,000 T @ 3% (Picking up the N Cu thr JORC missed. = 900,000T @ $8500 = $7,650,000,000 Min.costs @ $17.5T = $ 525,000,000 Admin @ $5M per year $ 50,000,000 Balance revenue $7,075,000,000 32.5% Tax/Royalty $2,299,375,000 After tax/royalty $4,775,625,000 Per Annum $ 477,565,500 Per share $3.41 Value PE 7 $23.87 PE 10 $34.10 Plus future exploration etc. No Nev definitely not to shabby.
B&Y
CDU Price at posting:
$2.08 Sentiment: ST Buy Disclosure: Held