perhaps that is why TSX:FM (First Quantum Minerals) has a market cap of C$12.5bn.
A mkt cap for SBR of about A$300m would see a lot of happy investors.
FM annual Cu production is 445,000 tonnes (plus 45,000 tonnes of nickel). The margin on the nickel production seems to be quite slender, so ignore that. A comparable annual production for SBR proportionate to FM mkt cap and a mkt cap for SBR of $300m would be 1/40 x 445k tonnes, or 11k tonnes. We are hoping for 20kt/yr.
:-)
I added a few last session but the order was not completely filled. Not many loose shares out there at these prices.
SBR Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
