Copper has risen from aroond US$2,350 at the beginning of Jan , to US$ 2520 and the last couple of days we hve seen rises of around 1%per day .
Investors havnt got it yet .
If copper keeps rising ,and Anvil stays where it is it will end up on a pe ratio of two
Anvil will be producing 20000T pa of copper midyear . This will give them an income of around US $50M . All costs should only be about $20M ,giving a profit of US $30M or close to AUD $40m .
Anvils market cap is only about $80m.
The last few days rises in copper will add about $1.8m to anvils bottom line Per year .
cheers Brenden
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