Some actual numbers from the quarterly released today..... These numbers do not take into account further production increases or futher costs savings...
I think the SP will go up...... :-)
Nifty Open Oxide = 817T
Nifty Sulphide = 16,219T
Cost per pound = 198.76
Mt Gordon = 6,637T
Cost per pound = 233.12
Current Price LB = 330
So, Nifty is 17,036T x 2200 (lbs per tonne) x $1.31 (profit) = $49M profit.
Mt Gordon = 6,637T x 2200 (lbs per tonne) x $0.97 (profit) = $14M profit
Combined quarter profit of $63M. Annualised Profit = $63M x 4 = $252M
Comsec currently has them at a market cap of $693 Million. Or a PE of 2.75...
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If Copper drops to $3 lb...
So, Nifty is 17,036T x 2200 (lbs per tonne) x $1.01 (profit) = $38M profit.
Mt Gordon = 6,637T x 2200 (lbs per tonne) x $0.67 (profit) = $10M profit
Combined quarter profit of $48M. Annualised Profit = $48M x 4 = $196M. PE of 3.5...
ABY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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