18 Jan scoping study was modeled on US$8500 copper and US$1900 gold.
Copper is now US$11,000 and gold is US$2400 !!
A massive 30% uplift and would require ZERO additional costs - it’s straight to the bottom line profit on mining it.
It would be reasonable to assume the 18 Jan NPV of A$625m would now approximate A$1billion.
With roughly 2 billion shares on issue you can do your own math …… $1Bn / 2Bn shares = …….
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-18
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