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.
Every 10 cent increase in copper is an extra $7,974,815 AUD per...
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $32.04M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.0¢ | $36.46K | 1.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70958 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1232490 | 4 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| CYM (ASX) Chart |