Member Info for MrDC

March new investor presentation is out

We virtually know those results what is going to be interesting is the resource upgrade if released. Update on touro and the new one. And q1 results

Ouch £1 = $1.40 messes my calculation a bit but the message is still the same

I think we are approaching £1 per share in clear profit per annum. I know that can't all be used as a dividend and astor still needs clearing. But it does show how undervalued this company is.

Roughly

53000×2200×0.10=$11660000

Per annum

With copper at $3.80 I make that about £140 million profits

Someone somewhere is buying

I would expect some sales at this price and higher but that will get more than balanced out by the purchases. Will hang for a while until q4 results. Or move up slowly.

With a £321 million mcap and making £120 million in profit at current prices at 55 thousand tons per annum this share is an absolute bargain even without any other sites or additional reserves upgrade. With them it's an absolute goldmine

Good find troajan

We have an mcap of £288 million and with current copper price throwing off £100 million clear profit next year. Someone landing on a banana boat knows the mcap is to low.

On the point of deferring astors payment. When that decision was taken covid hit Spain pretty hard. We borrowed a lot of money from our suppliers. Noone knew how long this would go on for. And the price of copper was around 2$. So I don't think the company had much choice but to kick the can down the road to be honest.

I have to agree with you. And for every sale there's a buyer. Could be transfers I don't know. Wish the resource upgrade would arrive.

Damn

An extra 10000 tonne is 22 million dollars simple as that. Will help you get your dividends sooner than anything else. Combined with our current profits

Completely missing my point. Forget about dividends until astor is paid

We all know the crusher can handle the extra burden. And it would be crazy not to use the old methods until the new technology is up and running and proven to work in my opinion.

I'm sure I read 10000 tonnes per annum in cathode form. That's an awful lot of extra profits per annum when it's up and running