Beautifully simplified.
If copper price gets to US$5.30 per pound, 130 cents to be added to valuation of share value.
AU$1.50 would be lovely.
And if copper gets to $5.30, I'd also make the argument that a PE ratio of 10 would increase...
p.s. US$5.30 per pound is in the lower-range of where copper is forecast to go.
March quarter predictions, page-22
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