increase of $1.6 billion additional revenue!!
Love this - thing has a mkt cap of $38m yet in quarterly they announced:
Potential economic viability of the project, indicated by Stage 1 of the study has been enhanced by a massive increase in the 3 month LME copper price from around US$1.76 per pound in late September 2005 to around US$3.30/lb in late April 2006.
Life-of-mine revenues would increase by A$2,300M to A$3,900M using current copper and gold prices rather than the September 2005 base case financial model!!!!
THAT'S AN INCREASE OF $1.6 BILLION ADDITIONAL REVENUE FOR NO ADDITIONAL CAPITAL OUTLAY!!!
Imagine what the NPV for Roseby will be when they finally come out with it in July!
URL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
