Hey Jojo.
Do you have a forecast for profits at Lumwana with a margin of US$0.50 per pound? I'm assuming that copper will go down to US$1.50 in the short term & that costs per pound will be approx US$1 (should be lower though). Using those figures & accounting for their hedges & tax at %30, I came up with a profit of approx AU$250 million at full output (170ktpa).
Btw, I just bought back in at $1.25, although probably should've waited.
Cheers, Z.
Add to My Watchlist
What is My Watchlist?
