So Century loosing 25c a pound Avebury loosing $5 a pound
At these prices thats a loss from Century of $300million (loss of $560million from my spreadsheet) Avebury loss of $80million, loss of $130million from my spreadsheet.
Copper earnings assuming a profit margin of $1.25/lb brings in $500million from PH & Sepon (spreadsheet has about 750million with Golden Grove included but hard to gauge costs for PH yet)
So perhaps earning $60million before corporate expenses & dividends A fantastic EPS of about 2c a share
OZL Price at posting:
$11.60 Sentiment: Sell Disclosure: Held