So I ran some numbers over the weekend and was F(*&^ startled and please correct me if I am wrong....
Current/existing JORC of 5.5 million tonnes at approx. 1% copper grades x $US9,600/tonne equates to $US530 million valuation, convert to $A750-760 million. Why have we not bothered to bring this up before, let alone the company that is just happy to watch the shareprice wallow at 25c !!! at a market cap of $130 million.
So we can all assume this upgraded JORC we are all eagerly awaiting to be released, is going to be multiples/higher than existing. Ok minus your mining and transportation costs, only 100km to gladstone port and you still have $500 million (net) on the OLD JORC !!!!
Plus... this is not factoring in the gold assets, etc...
Therefore on OLD JORC at $500 million (net), the shareprice should be trading at $1. for F&^$ sake !!
JORC calculation
Add CAE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.52M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55852 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 65000 | 2 |
View Market Depth
| Last trade - 16.12pm 14/06/2024 (20 minute delay) ? |
| CAE (ASX) Chart |
Day chart unavailable