Updated figures*
20,000tpa, with an ASIC of $1.91lb ($4210/t), with the current copper price of $9,970/t, results in $115,200,000 USD ($155,382,000 AUD).
Mind you, the plant capacity is supposedly 25,000tpa.
So there's always the potential to increase production, which could result in $144,000,000 USD ($194,096,000 AUD)
Now if I were to use the current Copper Cathode pricing from the Shanghai metals market, these figures grow further.
Cathode trading at $11,206/t results in $139,920,000(20kt) and $174,900,000(25kt). $188,612,000 AUD or $235,764,000 AUD per year.
But for a company trading at $107m (backed by $50m cash, $9.6m in free carried exploration, 100koz of gold, >1.3mt of copper, multiple exploration tenants, a 25ktpa plant, a 21MW gas turbine power station, a full heavy vehicle workshop and accommodation village, and a fully sealed all weather airstrip).... It's hard to fathom how investors can even think of selling this at 60 cents per share. Let a lone 20c per share. And lets just completely forget about the 40ktpa and 60ktpa upside potential.
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Updated figures*20,000tpa, with an ASIC of $1.91lb ($4210/t),...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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10 | 868076 | 0.040 |
5 | 150563 | 0.039 |
3 | 425431 | 0.038 |
2 | 363513 | 0.037 |
Price($) | Vol. | No. |
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0.044 | 544417 | 3 |
0.045 | 595823 | 5 |
0.046 | 852892 | 4 |
0.047 | 722907 | 3 |
0.048 | 541111 | 2 |
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