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.
So let me get this straight current copper price approx. $4.34...
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Last
$1.20 |
Change
0.065(5.73%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.22 | $1.15 | $725.9K | 613.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1561 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 7230 | 3 |
View Market Depth
| Last trade - 14.34pm 21/05/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.065 ( 4.85 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.22 | $1.15 | 92267 | ||
| Last updated 15.10pm 21/05/2024 ? | |||||
| HCH (ASX) Chart |