Hi again.
Every time I quote a copper price, it usually falls away. I will give todays view.
Since my last post, copper has moved to $4.77 lb. That is todays price as I post. This small increase means $A14,310 p/t. This is $A860 p/t more over the 36,000 tonnes.
I think we will end up with more copper reserves and a lot longer mine life.
Re what is this company worth per share? who knows. So close to production, copper in demand, unstable copper producing countries, plant ready to go, consents etc I think 9cps, we are dirt cheap.
These figures are pretty accurate in my mind. If I have miscalculated, sorry.
I did miscalculate in my last post. 4,72 lb should have read $A14,160, so an extra $710 p/t over 36,000 tonnes. Every cent copper increases seems to add $30 p/t
Ps. At 4.76 lb the number drops to $830 p/t .
I am no analyst, I leave the hard stuff to VYR.
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