RE:RE:Every 1 cent of copper price increase NCUOh, and the 65 million pounds per annum (after ramp up) is 5000 TPD X .018% underground copper x 2000 pounds per ton X 364 days.
But all of this attributes no excess to expansion drilling that could also add to the share price (unless it come up with bupkis [yes, it's Yiddish for "nothing"])
Notgnu wrote: LoL ... the way copper is moving up I better now withdraw my 1 million share sell offer at $0.175 just in case (most likely) I sleep in tomorrow
Cheers and happy speculation out there,
Notgnu
Notgnu wrote: ...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