I hope Peter and Lachlan are putting the time into fine tuning the resource estimate so that it only contains ore that can be mined profitably. A big job that needs to be done very throughly to ensure success.
Nice to see Cu price $9,500/tonne.
Lets hope the resources are abundant and Lachlan develops a mining plan that gets the plant working at full capacity.
2.5m tonnes of ore P.A. at 1.84% cu. eq. grade and 95% recovery = 43,700 tonnes of cu. eq i.e. potential revenues of $415M
The big question is at what cu equivalent grade do we break even. If my assumptions are near right there will be a big attractive margin in the DFS and funding shouldn't present any real problems.
There are of course a lot of uncertainties and a lot could go wrong but with a sector average price to sales ratio of circa 3.6 there is a lot of potential to improve on the current $22m market cap.
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- Ann: Drilling Expands Cu-Au Footprint at Kanmantoo Underground
Ann: Drilling Expands Cu-Au Footprint at Kanmantoo Underground, page-59
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Last
5.8¢ |
Change
0.004(7.41%) |
Mkt cap ! $121.5M |
Open | High | Low | Value | Volume |
5.5¢ | 5.9¢ | 5.5¢ | $181.9K | 3.179M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 300000 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.9¢ | 837996 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 300000 | 0.058 |
1 | 300000 | 0.057 |
1 | 110000 | 0.056 |
6 | 424100 | 0.055 |
3 | 288743 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 753251 | 3 |
0.060 | 5032148 | 7 |
0.061 | 101460 | 3 |
0.062 | 140000 | 1 |
0.063 | 120829 | 1 |
Last trade - 15.45pm 16/08/2024 (20 minute delay) ? |
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