Thanks 2ic
just did some quick sums - EQN say they expect to produce 172,000 tonnes per annum of copper concentrate
172 000 tonnes = 379 195 091 pounds
So if Copper stabilises around he $2/lb mark (hard to se it staying much lower) then EQN will rake in $379million per annum. Double that if copper moves up to $3.
marketcap currently around 1 billion. 37 year mine life thus far.
Seems an attractive proposition - shame I have no free capital tho!
Thanks 2icjust did some quick sums - EQN say they expect to...
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Last
31.3¢ |
Change
-0.003(0.79%) |
Mkt cap ! $38.59M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.3¢ | 31.0¢ | $58.14K | 187.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19527 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 2755 | 1 |
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| Last trade - 15.30pm 19/07/2024 (20 minute delay) ? |
| EQN (ASX) Chart |