RE: If Cornish14 Dec 2021 11:19
1350×2%×95%=25.65 ton per day,25.65×355=9105.75 ×$9000=$81951750 or roughly £6000000 yearly revenue from copper only .if we take half of it as production cost then £3000000 profit. Taking p/e ratio conservative 8 ..£30mil×8=£240 million market cap by same time next year ...it should be over 300 if we take p/e ratio 10 or consider au,ore sorter,little deer,high grade dealing ,high copper price in 2022,diamond drilling etc .....I leave upon you what the sp should be according to current number of share issued by same time next year unless there is more dilution (which I don't think ).....
They are forecasting copper will be more than $5/lb or $11000 from h2 2022....