LONDON, March 15 (Reuters) - Copper jumped to a three-month high on Thursday on rising demand and supply shortages.
In New York, copper for May deliveryshot up 16.20 cents or 5.7 percent by the close to $2.9880 a lb on the New York Mercantile Exchange's COMEX division, its best settlement since Dec. 19, 2006, after trading a session range between $2.8405 and $2.9930.
Should see MRX rising with a valuation matrix by Hartleys: (40.7cps)
Copper Price NPV Stage 1 NPV Stage 1 + 2 Total MRX Valuation
US$3.00/lb flat (~current spot) $61.3m (9.3cps) $121.8m (18.4cps) $269.4m (40.7cps)
DON’T MISS THE BOAT ON – OEL -
OEL's Cash flow Matrix, based on 6.6mmbo (4.3mmbo to OEL):
NET CASH FLOW - Starting next Year
US$50 Brent US$ 74 m US$ 48 m
US$60 Brent US$120 m US$ 78 m
US$70 Brent US$167 m US$108 m
If they are able to extract somewhere in the vicinity of 12mmbo you might double these figures.
copper
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