I'll take a stab.
Copper Sulphate CuSO4 is 40% Cu.
Assuming 100% payability, $3.90/lb US Cu price, 75c Forex = $11,460/t revenue.
Potentially AUD $55Mpa revenue.
Stockpiles will run for 3-4 months, then they need to start mining.
Processing costs aren't known, but typically in the range of $10/t USD ($12/t AUD), assuming after the initial stockpiles they're feeding 0.8% Cu and realising ~80% recoveries, its an implied 750ktpa feed, therefore costing $9Mpa processing costs, plus allowing AUD $6/t (strip ratio 1:1) $3Mpa for mining rehandle. Corporate costs $1M per quarter. Possibly $39Mpa cashflow. Potentially a lot of money to be made here if they can get through the operational challenges of a ramp-up. In reality the payability won't be 100%, more likely 90-95% as its crystal.
Mining companies often trade at 4-5x FCF so if they ramp-up and get it all humming, target price would be around 40-50c.
Good luck, interesting story unfolding here.
- Forums
- ASX - By Stock
- TNC
- Ann: TNC Commences Copper Sulphate Production
Ann: TNC Commences Copper Sulphate Production, page-4
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TNC (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $30.64M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.4¢ | $39.32K | 1.124M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 101811 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 7290 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 101811 | 0.034 |
1 | 38476 | 0.033 |
1 | 500000 | 0.032 |
4 | 87166 | 0.030 |
1 | 3482 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 12750 | 1 |
0.039 | 198104 | 1 |
0.040 | 442356 | 2 |
0.041 | 38000 | 1 |
0.042 | 60200 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
TNC (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online