$200M is the starting point based on lower copper price and 31 million tonnes.
When this project hits 100 million tonnes avg higher grade and the copper price is still high what will it really be worth?
The additional true copper value of the current resources is $1billion on top of the current NPV at todays prices so by the time they finish prooving up the whole project it could have a true NPV of around $2-3 billion.
Market needs some independent commentary on share valuation. I would assume AIM listing and this announcement will result in a push towards a decent positive revaluation. But by whom?
Continues to be a very frustrating share - should be 80cents to $1 right now.
Get out and make some kore noise Jeremy.
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