re: for periscopes and flats
The 0.5c figure I came up with was a straight forward calc:
20,000 tonnes x 2,200 = 44 million pounds produced per annum.
44,000,000 x 0.01c = $440,000
Each cent Cu moves up or down has the theoretical impact of $440,000 to the bottom line. It does assume however that that 1c price rise/drop occurs for the full 12mths.
440,000/fully diluted market cap of AVL ($106 mill) =0.42c
My previous calc wasn't diluted.
There was no forward valuation over the minelife considered.
