I posted some predictions.
What are some realistic predictions for this one?
Shares Outstanding 108MM
Production is averaging over 459 tons of copper concentrates per day
459 tons = 918,000 LBS
918,000 copper concentrates = 220,320 LBS of CU (at 24%)
220,320 * 2.13 current price of copper = $469,281 revenues per day
Cost of copper production $1.08/lb = $237,945
revenue - cost = Profit
469,281 - 237,945
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$231,336 PROFIT PER DAY
$20,820,240 Profit per quarter from Copper production.
But it's safe to say that copper prices will not stay at 2.13 for long.
Let's assume next quarter copper will be at 2.40
And the 3 quarters that follow 2.50 2.70 2.85 --- conservative figures.
26,174,070 profit per quarter at 2.40 CU
28,156,950 profit per quarter at 2.50 CU
32,122,710 profit per quarter at 2.70 CU
35,097,030 profit per quarter at 2.85 CU
------------------
$121,550,760 Profit Per year at 2.61 CU average.
Thereare many assumptions but I believe these are conservative numbers. In ayear from now, I believe copper will be well over 2.85 if China keepsbuying.
Nevertheless, ML will be profiting over 100MM per year. ONLY FROM COPPER!!!
SP will be back at $12 in less than a year.