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.
I think this is good news. If you use the data from the Annual...
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Last
$2.86 |
Change
0.010(0.35%) |
Mkt cap ! $5.269B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.90 | $2.84 | $18.46M | 6.457M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7994 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 10494 | 3 |
View Market Depth
| Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
| DNL (ASX) Chart |