The June 2016 valuation impairment was based on a copper price of AUD$6,423 per tonne versus the December 2015 valuation using AUD$7,538. Given the current copper price (presuming it can be maintained) you would get a much better valuation - reversing the impairment would add back $60m which is 13c per share alone even on the fully expanded share numbers. According to the annual report a 5% change in AUD copper price increase K by $17m so an increase of 20 to 25% would add $60m to $80m!
The June 2016 valuation impairment was based on a copper price...
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Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.9M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 6.2¢ | $385.2K | 5.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1408295 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 392626 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| HGO (ASX) Chart |