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, page-59
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6.6¢ |
Change
-0.001(1.49%) |
Mkt cap ! $138.3M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.4¢ | $183.1K | 2.816M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 305147 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 25200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 305147 | 0.065 |
6 | 1393277 | 0.064 |
3 | 425888 | 0.063 |
4 | 245887 | 0.062 |
3 | 488500 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 25200 | 1 |
0.067 | 270107 | 3 |
0.068 | 578194 | 4 |
0.069 | 156907 | 3 |
0.070 | 347377 | 2 |
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