The current price of copper is $15,000 Australian dollars.
Minyari Project has a copper resource of 64,000 tons of copper. Metallurgical recovery tests for metal by-products of Minyari ore, was 85% copper recovery rate.
For AZY'S current 7 year mine life plan for Minyari Project, it works out to roughly 9,150 tons of copper a year. At an 85% recovery rate, it's 7,771 tons copper pa., which equals to $116,565,000 Australian dollars!
Even if was at a low rate, for example 50%, that would still be 4,571 tons, multiplied by $15,000= $68,565,000
That's close to $500 million dollars of additional value for a 7 year mine life at Minyari Dome Project. A lot of new Australian gold mining projects don't have the additional copper and silver AZY has, which reduces gold production costs substantially.
AZY has one of the most undervalued gold projects in Australia.
The current price of copper is $15,000 Australian...
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