Nev, will you stop down-ramping please. They will be calling you Zzedd2 soon. The announcement said ....
TOTAL RESOURCE FOR ROCKLANDS OF 1.029 MILLION TONNES COPPER EQUIVALENT
not 372,000 tonnes, so lets just adjust your calcs into something more realistic, arriving at
EPS: = $3.5 (after tax)
Applying a PE of say 7 => $24.5 per share
Of course I concede that I too am downramping. After factoring in expected higher grades, further exploration, processing the lower grade ore, Wilgar, SW anomaly; how about we just double it to $50 per share and a set of native copper steak knives.
CDU Price at posting:
$2.08 Sentiment: Hold Disclosure: Held