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2.70% 3.6¢ cyprium metals limited

Sorry, just realised that the resource is now 1M tonnes of...

  1. qwert0
    507 Posts.
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    15/05/24
    08:52
    Post #: 73827509
    Sorry, just realised that the resource is now 1M tonnes of copper, not just 394,000.

    So value of contained copper is A$16.6 billion at US$5.00/lb.

    So that makes the increase in profit just from the copper price rising from $3/lb to $5/lb equal to A$6.7 billion.
    Last edited by qwert0: 15/05/24
    CYM Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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