Mining progress: Ore mined to date is 180kt, predominantly from development tonnes Stope ore production commenced in Feb-25, first 3 stopes completed withexcellent extraction results to date Ramp up to +800kt per annum of ore is on track for the Dec-25 quarter
Processing status: 150kt of commissioning ore treated to date at 750ktpa run rate Mine delivers ~22ktpa CuEq production
They have been in production for about 3 months, so maybe 4kt CuEq produced so far? The realised price of copper for another company was $17,874 AUD last quarter. Therefore, this could be looking at about ~$70M receipts from metal sales for the quarter, with more to come once they hit steady state. Plus they still have about $60M BGL revenue. $130M cash receipts per quarter revenue for $1.3B market cap is very conservative pricing by the market.
DVP Price at posting:
$4.73 Sentiment: Buy Disclosure: Held
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