The $6,700 per tonne refers to an assumed value of copper per tonne - the commodity price. At the assumed grade of 3 percent copper per tonne that equates to $210 per tonne of ore. By way of value comparison 3 percent copper is equivalent to about 5g/t of gold - the majority of gold operations have head grades of 3 g/t or less although underground mines would average closer to 4 to 5 g/t.
Another comparison that can be made is with direct shipping iron ore which currently trades at about $100 per tonne, ie 3 percent copper is worth twice as much as DSO iron ore - underground base metal mines are not really comparable with open cut iron ore mines but it provides a bit of an idea for of the value of an orebody with a grade of 3 percent copper equivalent.
The other point is that PEX now have the rights to 50 percent of Mallee Bull so the assumed 4 million tonne resource is divided 50/50 between PEX and CBH. 2 million tonnes multiplied by $210 dollars equates to a value of about $400 million. Ten percent of that is the $40 million I previously mentioned.
- Forums
- ASX - By Stock
- PEX
- sp
sp, page-10
-
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEX (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
0.006(6.06%) |
Mkt cap ! $61.01M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $13.57K | 133.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 205145 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 9000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 125500 | 0.100 |
4 | 39580 | 0.099 |
1 | 50000 | 0.097 |
1 | 210 | 0.095 |
1 | 11111 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 9000 | 1 |
0.115 | 49999 | 1 |
0.125 | 2517 | 1 |
0.130 | 175000 | 1 |
0.135 | 291111 | 1 |
Last trade - 15.13pm 09/08/2024 (20 minute delay) ? |
Featured News
PEX (ASX) Chart |