pe of 2.06 at 3.30lb or pe of 2.84 at 3.00lb

Sorry, old figures did not take into account Revenue in US $$$$$

Recalculated... (even better)

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Nifty Open Oxide = 817T

Nifty Sulphide = 16,219T

Cost per pound = 198.76 AUD

Mt Gordon = 6,637T

Cost per pound = 233.12 AUD

Current Price LB = 330c US = 370c AUD

So, Nifty is 17,036T x 2200 (lbs per tonne) x $1.71 (profit) = $64M profit.

Mt Gordon = 6,637T x 2200 (lbs per tonne) x $1.37(profit) = $20M profit

Combined quarter profit of $84M. Annualised Profit = $84M x 4 = $336M

Comsec currently has them at a market cap of $693 Million.

Or a PE of 2.06...

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If Copper drops to 300c US = 337c AUS

So, Nifty is 17,036T x 2200 (lbs per tonne) x $1.38(profit) = $51M profit.

Mt Gordon = 6,637T x 2200 (lbs per tonne) x $1.04 (profit) = $15M profit

Combined quarter profit of $66M. Annualised Profit = $66M x 4 = $244M. PE of 2.84...