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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