The trading floor has descended into absurdityHigh grade is worth 20% of in-situ, after capex, opex, tax and time.
At a 3% cut-off the treasure chest is 10Mt x 7kUSD/t x 20% x 40% = USD 6 billion. The enterprise value counts a quarter of Kakula's proven worth alone. Three quarters of the copper can evaporate.
Any way you slice it, this stock is stupidly undervalued.
Copper is going a lot higher, of a certainty.
Sceptics, don't cry; sell me your shares, and your pain will vanish.