I think this is good news. If you use the data from the Annual report, table 7 with a 1.2% Cu grade, 34 MT of resource and a copper price of US$2/lb then DNL will earn $90 million over the life of the project (NPV) with a 32% Internal Rate of Return, using a discount rate of 9%. I am no expert, in fact far from it. Please correct me if I am wrong, but I think that is a good result. Given that Cu has firmed up with a spot price at US$3.11/lb and a 15 month price of US$3/lb, I think that US$2/lb is a feasible figure.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.71 |
Change
0.020(0.74%) |
Mkt cap ! $4.993B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.73 | $2.69 | $19.47M | 7.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 81314 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 2500 | 1 |
View Market Depth
| Last trade - 16.19pm 01/07/2025 (20 minute delay) ? |
| DNL (ASX) Chart |