So let me get this straight current copper price approx. $4.34 US per pound
convert US to AUD = $6.68 AUD
convert pounds to kilos 1 pound x 2.205
$6.68 x 2.205 = $14.73 AUD per kilo
convert kilos to tonnes
$14.73 AUD x 1000 = $14,730 per tonne
HCH approx. 3,620,000 tonnes copper equivalent
3,620,000 x 14,730 = $53,322,600,000 AUD copper equivalent MRE
HCH market cap approx. $150,000,000 AUD
Is this correct or am I way off? If this is correct and we are trading at $150 million market cap, what the hell is wrong with this stock?
Can someone confirm this? Obviously this doesn't look at costs at all.
HCH Chart, page-1973
Add HCH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
99.5¢ |
Change
0.015(1.53%) |
Mkt cap ! $150.5M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.03 | 98.0¢ | $265.9K | 266.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 599 | 99.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 5843 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
99.5¢ |
Change
0.015 ( 2.05 %) |
||||
| Open | High | Low | Volume | ||
| $1.01 | $1.01 | 98.5¢ | 57710 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| HCH (ASX) Chart |