I been following SSC closely for a while now and if the below...

I been following SSC closely for a while now and if the below calculations are correct then I cant help but feel this stock is a bargain at 1.4c, should Peelwood be approved.

The Value of Peelwood..

Peelwood deposit size = 895,000 tonnes

ZINC VALUE
895,000 x 3.94% = 35263 tonnes
Approx Zn spot price = AUD$2400/tonne
Value of Zn = $84,631,200.00

COPPER VALUE
895,000 x 0.8% = 7160 tonnes
Approx Cu spot price = AUD$8000/tonne
Value of Cu = $57,280,000.00

LEAD VALUE
895,000 x 0.73% = 6533.5 tonnes
Approx Pb spot price = AUD$2300/tonne
Value of Pb = $15,027,050.00

SILVER VALUE
895,000 x 0.000016% = 14.32 tonnes
Approx Ag spot price = AUD$18.40/troy oz
Approx Ag spot price = AUD$591,000/tonne
Value of Ag = $8,463,120

Therefore total value of resource = $165,401,370.00

Costs of approx 50% incl. CAPEX and OPEX (should be less than this with open cut mine and road infrastructure already in place)

Total profit = $85mil or 10c a share

This is not taking into consideration an upgrade of the resource or extension of the mine life, currently only 5 years.

Now add the potential of MONTENEGRO and ISABELLA and other projects SSC have in the pipelines then surely this stock is in for a huge re-rating once Peelwood is approved.

Fingers crossed that Peelwood finally gets the thumbs up. Should be a fun ride. Of course if it not approved then that is another story and the current SP is probably somewhere around the mark.

IMO DYOR