With regards to valuation it is worth remembering that any rise in copper price falls directly to the bottom line. The restart study assumes copper price of $9000/t USD with production of 25000 t per year so an increase of $1000/t would increase profit by $25 million per year. Discounted over 6 years at 7% gives an increase of around $127 million to NPV in USD or around $180 AUD with todays exchange rate. Goldman Sachs have a forecast of $12000/t in USD for 2024 which would add nearly $500 million in Aussie dollars. This of course assumes everything written down to zero at the end of six years.
With regards to valuation it is worth remembering that any rise...
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Last
4.1¢ |
Change
0.003(7.89%) |
Mkt cap ! $62.51M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.3¢ | 3.9¢ | $585.8K | 14.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 382362 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 945729 | 9 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
4.0¢ |
Change
0.003 ( 5.54 %) |
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| Open | High | Low | Volume | ||
| 4.1¢ | 4.3¢ | 3.9¢ | 6048258 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| CYM (ASX) Chart |