Member Info for mikee_p

Not been on here for ages. I'm guessing all the green boxes are Brewster still claiming they are god's gift to trading.

Working a treat!!

Charting this micro cap is pointless IMO.

Unsure where that 100m comes from. Thin air?

Or delist.

A wasted use of funds buying back shares imo.

Re-rate is upon us.

That still run by citigirl?

I want to be upbeat but being in this share for many a year has taught me that PH delievers a lot of air and little else.

I await to be proven very wrong .

You away for a year?

Traders taking profits. Probably those that had a heads-up this was in the cards.

I'm assuming we'll sell some blackstone shares to pay for this?

From chatGPT

using your “**500,000 tonnes of contained copper**” figure, here’s a clean, order-of-magnitude view of what that could translate to in **GBP**.

### 1) Pick a reasonable copper price (USD/tonne)

Recent spot references put copper around **\$9,500–\$10,000 per tonne** (early/mid-August 2025). I’ll use **\$9,700/t** as a mid case. ([Trading Economics][1], [MacroMicro][2], [YCharts][3])

### 2) Convert USD→GBP

With **£1 ≈ \$1.35** (so **\$1 ≈ £0.74**), mid-August 2025. ([Wise][4], [Exchange Rates][5])

### 3) Gross metal value (no losses/charges)

* **USD:** 500,000 t × **\$9,700/t** ≈ **\$4.85 billion**

* **GBP:** \$4.85b × **£0.74** ≈ **£3.59 billion**

**Range check (price \$9,500–\$10,000/t):** **\~£3.52–£3.70 billion** gross.

### 4) More realistic “payable” copper

Mines don’t receive 100% of contained metal value. You’ll lose some to **metallurgical recovery** (plant) and **payability/TC-RC** (smelter terms). A simple way to reflect this is to apply an effective realization factor to contained metal:

* Illustrative effective realization (recovery × payability)

• **80%**: **\~£2.87b**

• **85%**: **\~£3.05b**

• **90%**: **\~£3.23b**

(Industry commentary this cycle notes unusually tight/volatile TC/RC terms, which affect these realizations.) ([Fastmarkets][6], [KAPARESOLUTIONS][7])

---

## TL;DR

* **Contained copper (500,000 t)** @ **\$9,700/t** → **\~£3.59bn gross**.

* After typical recovery & payability adjustments, a **sensible revenue envelope** is roughly **£2.9–£3.2bn** over the life of the project (copper only).

* Gold credits, by-product streams, and actual TC/RC contracts would nudge this up or down.

If you want, I can also sketch **low/base/high** cases tying copper price bands (e.g., \$8,500 / \$9,700 / \$11,000 per tonne) to a couple of realistic recovery/payability combos so you’ve got a quick scenario table in GBP.

[1]: https://tradingeconomics.com/commodity/copper?utm_source=chatgpt.com "Copper - Price - Chart - Historical Data - News - Trading Economics"

[2]: https://en.macromicro.me/series/17447/lme-copper-spot-price?utm_source=chatgpt.com "LME - Copper Spot Price | Series - MacroMicro"

[3]: https://ycharts.com/indicators/copper_price?utm_source=chatgpt.com "Copper Price - Real-Time & Historical Trends - YCharts"

[4]: https://wise.com/us/currency-converter/gbp-to-usd-rate/history?utm_source=chatgpt.com "British pound sterling to US dollars Historical Exchange Rates - Wise"

[5]: https://www.exchange-rates.org/exchange-rate-history/gbp-usd-2025?utm_source=chatgpt.com "GBP to USD Exchange Rate History for 2025"

[6]: https://www.fastmarkets.com/insights/copper-concentrate-tcs-still-negative-how-and-what-does-it-mean-for-copper-prices/?utm_source=chatgpt.com "Copper concentrate TCs still negative: how? And what does it mean ..."

[7]: https://kaparesolutions.com/copper-concentrate-price-2025/?utm_source=c

Certianly not worth trading this with that kinda spread.

Seen worse for a small cap

Lol. Ain't worth that NET to eme.

There's no detail. He buys in on the lows then goes off to ramp it. Rinse and repeat. Blocked me on X for calling him out.

Ah the Burton ramp. Also available on x😂

As long as we are closing a above the daily 20 ema, I'm cool.

Current daily 20 EMA is 0.0887. Current SP 0.0888.

Just sayin.