Based on Friday's closing share price 0.350 and a move in economics from (US$3/lb copper) to (US$6/lb copper), without any other factors taken into consideration, here are my own personal conservative estimates on future share price:
$5/lb = 0.440 $6/lb = 0.525
I personally feel the share price will likely go much higher than this once 3 other factors are taken into consideration:
1) Finland project finance approval is announced (Q4 2010). 2) The Finland mine production commences (Q1 2012). 3) Xstrata take up there 51% option at Roseby (Q2 2012).
I strongly believe this is one of the best emerging copper plays on the ASX at the moment...
:-) DamianWRX
AOH Price at posting:
32.9¢ Sentiment: LT Buy Disclosure: Held