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315 Posts.
521
11/01/23
21:31
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Every 10 cent increase in copper is an extra $7,974,815 AUD per year we'll profit.
If simplified, and paid out as a dividend; this is the equivalent of 1c per share. ($0.01092).
Considering we already have a ~$1 margin (10.92 cents), we're looking at a 12c per share profit per year at US$4.10/lb.
Watch this fly as we get closer & closer to commissioning later this year.
The copper deficit is only going to worsen in 2024.
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