I think this is good news. If you use the data from the Annual report, table 7 with a 1.2% Cu grade, 34 MT of resource and a copper price of US$2/lb then DNL will earn $90 million over the life of the project (NPV) with a 32% Internal Rate of Return, using a discount rate of 9%. I am no expert, in fact far from it. Please correct me if I am wrong, but I think that is a good result. Given that Cu has firmed up with a spot price at US$3.11/lb and a 15 month price of US$3/lb, I think that US$2/lb is a feasible figure.
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Last
$2.90 |
Change
-0.030(1.02%) |
Mkt cap ! $5.267B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.93 | $2.88 | $12.94M | 4.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 15771 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 7731 | 2 |
View Market Depth
| Last trade - 16.17pm 16/09/2025 (20 minute delay) ? |
| DNL (ASX) Chart |