Kanmantoo Copper mine ready to go ? For real ?, page-205

AW applying a PER is one way of approximating a company's market cap once they are profitable. Another method is dividend yield.

I can see HGO paying an approx. 2cps divvy in FY25 (with total EPS of 4cps ie 50% payout ratio). If the current exploration program is reasonably successful adding more resources and mine life and then the "market" prices HGO with a 10-5% yield, will give us a SP of 20-40 cents

As@VYR noted above, BHP bought OZL with an assumption that the copper price is going to rerate, I trust the management of BHP and their foresight.

25 ktpa of Cu production from Kanmantoo is not significant for BHP but for the plebs like me, it would be a bonanza

GLTAH