Not Too shabby eh!..... Or am I missing something?Just quickly,...

Not Too shabby eh!..... Or am I missing something?

Just quickly, as I need to be elsewhere.

Some numbers for perusal (no apologies for mistakes as I am in a hurry and shouldn't be here!)


Mining and Processing costs: = $17.50 per tonne

Number of tons: = 30 mt * 1.24% = 372,000 tonne of Copper

Revenue: @ say $AUS8,000 per tonne = $2,976,000,000 or $2.976 Billion

Costs 1: Mining and Processing @ $17.50 per tonne = $6,510,000

Costs 2: Admin @ say $5 mill per year??? = $50,000,000

Net After Tax and Royalties (30% and 2.5%): = $1,970,655,750 or $1.97 Billion

Net after Tax per Year: = $197,065.575 or $197.1 million

Assuming 150 million shares,

EPS: = $1.31 (after tax)

Applying a PE of say 7 => $9.19 per share

Not bad for a dud resource eh!

I wonder what the numbers for the expected higher grades will look like? Plus we have further exploration, processing the lower grade ore, Wilgar, SW anomaly etc etc to also factor into the mix.

Cheers
Nev