Welcome to the Hidden Gem Opportunity.
You should read the Economic Assessment that was released in Feb 2023 if you want to better understand what you have invested in and have a bit of back up to your assumptions.
The study forecast processing rate ramping up to 140,000 tonnes of ore per month when the plant reaches 50% capacity.
Based on grades and recoveries achieved in June that rate would produce circa 20Kt of copper per annum which at the hedged price of $13,700 would deliver Cu revenues of $274m pa.
Its likely that by the time the ramp up is complete AISC will have risen from au$ 3.65 in the EA to circa au$ 3.91 based on the the adjustments I have made in my spread sheet.
We can reasonably expect costs in the order of $172m and a strong balance sheet and some pretty good dividends.
Welcome to the Hidden Gem Opportunity.You should read the...
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Mkt cap ! $132.0M | |||
| Open | High | Low | Value | Volume |
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