RE: Copper23 Feb 2021 12:25
Theitcrowd, I like the summary you have done , current mcap seems really cheap, I'm I right directors hold just over 24 %, il check later thanks
"If we then assume a copper price of $4.5 for 2021, very doable in my opinion, we would achieve turnover of $100m and a profit of $32m. Our 11% interest would give us $3.5m share of this . Our current market cap is only $6.5m!
This does not allow for any production increase which we know is the strategy here, nor does it allow for anymore banked reserves from the recent drilling. I think using a copper price of $4.50 is quite conservative given some of the recent forecasts. If it averaged $5.5 then the numbers are $125m turnover and $57m profit!