I use a rough rule of thumb that they get paid ~90% of LME price by the smelter for the concentrate. May not be the right logic but it lands you in the ballpark.
As for cost - capex is going to zero or close enough and grade is going to 2% or close enough (north or 5% CuEq).. with that (and tax losses) you have yourself a cash gusher. And the announcement yesterday says you have a multi decade cash gusher.. yet trading like it’s out of business in 2 years time. The easiest of holds.
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I use a rough rule of thumb that they get paid ~90% of LME price...
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Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $474.2M |
Open | High | Low | Value | Volume |
54.0¢ | 54.0¢ | 52.5¢ | $1.306M | 2.452M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 12089 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 482061 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 11487 | 0.535 |
12 | 273128 | 0.530 |
12 | 308223 | 0.525 |
16 | 353604 | 0.520 |
10 | 118415 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 468140 | 8 |
0.545 | 275889 | 10 |
0.550 | 318598 | 10 |
0.555 | 61555 | 4 |
0.560 | 503509 | 4 |
Last trade - 14.59pm 25/06/2025 (20 minute delay) ? |
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