RE: Copper at $11k/t - Bushranger revisit14 Oct 2025 11:34
Instead of Bushranger being worth 0 - as per, in effect, current market valuation - my guess is that as the rise in copper price continues, Mr Bird will get to sell Bushranger for somewhere in the $10m to $20m dollar range in 2026, and that's the best he/we will do out of this asset. While this may be way short of what he originally hoped for, it's still a lot better than no value.
And that money alongside the ongoing forward Manica income and alongside our prospective copper, antimony exploration assets - and the dumps inventory etc - would make a Market Cap of sub 15m gbp look meaningfully too low, soon enough
Unpacking that future market cap prediction into the now, has me believe the s/p here should already be in the 1 to 1.5p range
(i.e. Anything under 10m gbp market cap is meaningfully too low here now...and we're considerably under that as I type)
Imho & dyor