Zinc and lead up, copper slightly down and Aussie currently buys US$0.9405
Copper: US$7120, A$7570
Lead: US$2301, A$2447
Zinc: US$2410, A$2562
Tin also back over $24k/t in Aussie dollars.
;-)
At current prices, the expected share price, given earnings (and excluding the assets), is 22 cents per share (assuming the production guidance is met and using a PE of 10). Although, I think the increase is mainly due to rounding, with the bottom line (after tax) amount only increasing $156k.
Still, it is better to be up than down.
Zinc and lead up, copper slightly down and Aussie currently buys...
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