Exactly, I think a very easy bull case to make is $5 copper to entice new projects to fill the coming deficit (could even go as far as $5.5 or $6)
But lets take $5 (not far above the ATH of $4.9 in 2021), we would be looking at a fantastic margin!
At an increased ASIC of $3 (our restart study said $2.8, so just added some for inflation), we'd have a margin of $2 USD
Our 25ktpa is 55 million lbs per year of copper plate
This gives us an EBIDTA of $110 Million USD per year, or $164 Million AUD per year...
PE of 10, thats $1.6 billion, or roughly 15 times the current price (about $2 a share)
Would be pretty damn nice!
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Last
3.1¢ |
Change
-0.003(8.82%) |
Mkt cap ! $47.30M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.1¢ | $75.42K | 2.231M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 505993 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 1000000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 505993 | 0.031 |
2 | 46001 | 0.030 |
2 | 127359 | 0.029 |
6 | 798821 | 0.028 |
1 | 285000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 1000000 | 2 |
0.035 | 100000 | 1 |
0.036 | 81384 | 2 |
0.037 | 340946 | 2 |
0.038 | 330000 | 1 |
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