To get $40mill EBIT TMR needs to make nearly $1.50 per pound of contained copper. If they reach the targeted costs in early 09 and copper stays about where it is now then they'll probably get there. They don't receive the LME copper price for their product because the product is concentrate not metal. It has to be refined. Approximate costs for this were posted by (from memory) Paul100 2-3 months ago. From memory I think the company would likely receive 85% of the copper price but that is from memory.
It is worth noting that the company touted $50 EBIT in presentation after presentation for 6 months. I hope they come up with some new slides next time they do a roadshow or make an announcement.
- Forums
- ASX - By Stock
- have we reached the bottom yet
To get $40mill EBIT TMR needs to make nearly $1.50 per pound of...
-
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add SMM (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $4.123M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $256 | 64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2273526 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5715156 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2273526 | 0.004 |
17 | 11576666 | 0.003 |
10 | 16225101 | 0.002 |
9 | 37300102 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5715156 | 8 |
0.006 | 4220066 | 9 |
0.007 | 3478571 | 5 |
0.008 | 1000000 | 1 |
0.009 | 511140 | 1 |
Last trade - 10.08am 12/07/2024 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |