Let's look at this very simply. Last year revenue was $309 million. The slide I'll focus on is the projected production measured in copper equivalents, This year 28kt @ $14,000/t -$15000/t gives a range of $392 million - $420 million. That's an increase between 26% and 35%. Then we slowly increase to 30kt, 33kt, 40kt. At 40Kt even at today's prices we get $560m - $600 million. If copper goes up a tad in price in 3 years we'll double revenue.
It looks to me a buy at 20c though I see the price is understandably moving upwards again.
It would be interesting to hear a comment from management.
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $338.5M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.3¢ | 19.5¢ | $404.5K | 2.037M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 177023 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 123898 | 7 |
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| Last trade - 16.12pm 16/07/2025 (20 minute delay) ? |
| AMI (ASX) Chart |