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08/01/14
11:49
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My view,
TGS is in for a stellar year.
circa $60 M in the bank
Copper cathode production up to 60,000 + tonnes
World copper stockpiles falling through the floor
Demand for copper always increasing
Limited mines (new growth) coming on line
How low will copper stockpiles go before the copper price reaches new heights of $4.50 per lb
So lets speculate -
65000 @ ave $8,500 per tonne = $550 M in revenue
60% of $550 M = $330 M
Estimate 70% profit (remove 30% for cost of production, management and tax)
Total profit of $220 M around 25c per share.
Share price through the roof to $1.20 +.
Happy days.
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