Beautiful witnessing copper crack that $5/lb.Using the best case...

Beautiful witnessing copper crack that $5/lb.

Using the best case scenario numbers:
ASIC is $1.91/lb and the price remains $5/lb
$220.4m - $84.2m = $136.2m USD
=$183.7m AUD / year profit.

Using a Bear case price of $3.5/lb...
With an ASIC of $2.50/lb...
$154.3m - $110.2m = $44.1m USD
= $59.5m AUD / year profit

Take the average of the two and that leaves us with $121.6m AUD / year profit. [Copper: $4.25/lb and ASIC $2.205]

With inflation, supply concerns, and the ever growing Electric/Renewable thematic, I don't think copper will ever see sub $4/lb again. And as others have said, hopefully it pushes into the $6/lb+ range. For reference, that'd be more than $225m AUD / year profit.

Using the above figures for a potential market cap and using a very conservative PE of 5;

$ 59.5m/yr = $297.5 million
$121.6m/yr = $608 million
$183.7m/yr = $918.5 million
$225.0m/yr = $1.125 billion

Using a PE of 11;

$ 59.5m/yr = $654.5 million
$121.6m/yr = $1.337 billion
$183.7m/yr = $2.020 billion
$225.0m/yr = $2.475 billion

And that's just from one mine...

Not bad returns from a company with a present day market cap of $80m.