@Sk1nman No doubt the share price is tied to the copper price index, though this company won't move into the next category of producer until Jericho is online. That is where the real revaluation will occur imo. With Jericho current targets closer to surface, the infrastructure costs should not be as high, and presumably a lower ASIC. This is also derived from their reserve statement dated 13th July 2023, "reduce operating costs through economies of scale". The previous MRE was based on a cutoff grade for 1.2% @ $10,500 AUD per tonne. As of today, the price per tonne of copper is ~$14900 AUD. If someone were to do some analysis on current underground mapping and grade averaging with this new value... I think this may feed into AC's "breathtaking" statement.
Would appreciate any correction on any wrong info here.
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