Every 1 cent of copper price increase NCU...adds almost a half cent to NCU's share price in the long run IMO
(Yes, IMO)
Using a conservative figure of
65 million pounds per annum and taking a
baseline copper price at last $0.14 financining of - $2.95 = $0.63 X 65m pounds X10 C/F multiple = $0.27 + $0.14 = $0.41 today
- $3.20 = $0.28 X 65m pounds X10 C/F multiple = $0.12 + $0.14 = $0.26 today
- $3.30 = $0.18 X 65m pounds X10 C/F multiple = $0.08 + $0.14 + $0.22 today
And copper is going up.
This was based on $3.58 copper
Happy to share my work.
What do other's here think???
Cheers,
Notgnu