I'll have a super conservative/back of the envelope crack at this.
Assumptions:
US$1.50 margin per pound of Cu production.
Starting production of 25,000t per annum.
No further equity dilution.
US$3308 per tonne x 25,000t = US$82,687,500
4x multiple = US$330m (A$500m at today's exchange rate).
Fully diluted SOI = 2,097,000,000 x 0.24 = A$503,208,000 (MC).
So, 24 cents is possible. Over 10 bags from today's SP.
I'll have a super conservative/back of the envelope crack at...
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Last
3.8¢ |
Change
-0.003(7.32%) |
Mkt cap ! $57.93M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.5¢ | $321.2K | 8.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 436747 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 128571 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.003 ( 7.32 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.5¢ | 5245002 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CYM (ASX) Chart |