I know that this is all just theoretical but nevertheless at least interesting.
Currently BTR has a market cap of A$ 24.64m. Thereof A$ 14.2m in cash and another A$ 12m to come from the Perkoa sale = A$ 26m. So currently you are buying cash even with a discount.
Based on the OPFS the NPV after tax on current CU price level (US$/lb 3.14) is US$ 286m or roughly A$ 300m or A$ 1.85 per share.
Currently the increase of CU US$/lb 1 cent is the equivalent of an increase in NPV of approx. 5m or roughly 3 cents per share.
As per a standard prefeasibility study, the level of accuracy is quoted as ±25% which means that the figures might substantially improve or also worsen.
In addition there is exploration potential around Kitumba (Kakozhi) and another at least half a dozen of potential targets in the area.
Well...I really do not want to look optimistic here but considering the facts I think it can not take too long till somebody realizes that BTR at these levels might be an interesting investment. Especially if the CU price should recover further and with a long term view.
I would not be surprised if somebody would be interested in a JV
BTR Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)