Let's look at this very simply. Last year revenue was $309 million. The slide I'll focus on is the projected production measured in copper equivalents, This year 28kt @ $14,000/t -$15000/t gives a range of $392 million - $420 million. That's an increase between 26% and 35%. Then we slowly increase to 30kt, 33kt, 40kt. At 40Kt even at today's prices we get $560m - $600 million. If copper goes up a tad in price in 3 years we'll double revenue.
It looks to me a buy at 20c though I see the price is understandably moving upwards again.
It would be interesting to hear a comment from management.
Let's look at this very simply. Last year revenue was $309...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $313.1M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 17.8¢ | $2.077M | 11.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2604584 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 764045 | 9 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| AMI (ASX) Chart |