re: my calculations for anvil I have to agree with you Brendon,...

re: my calculations for anvil I have to agree with you Brendon, it's hard to beleive but true.

I keep plugging in the numbers and keep coming out with eye popping figures. After stage 2 costs are anticipated to be around 40c per pound, everything else is pure profit.

20,000 tonnes of Cu = 44 million pounds
1.24 - 0.4 = 0.84
44,000,000x0.84 = $US 37 million or $Aus 46 million

As Miningnut stated that's a forward P/E of 2 at current share price.