TSXV:CAV.H - Post by User
Comment by
Geysiron Sep 21, 2010 11:28am
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Post# 17473836
RE: RE: RE: Copper Juniors Ranking... we are on th
RE: RE: RE: Copper Juniors Ranking... we are on th>>> and upside in economics -> manganese <<<
Right you are kkkrrrr!!
The price and company buzz doesn't seem to account for the manganese. BAJ share price may not benefit until manganese production happens - and that may not happen until 2014.
Proposed Boleo copper production 56,000 tons per year. Current copper price is $3.46 per pound.
Revenue around $300 million for BAJ (70% of Boleo total).
Proposed Boleo manganese production 100,000 tons per year. Current manganese metal price is $1.30 per pound.
Revenue around $180 million for BAJ (70% of Boleo total).
Production costs should be well under .50 per pound giving way to profit of over $100 million.
Yearly profit just from manganese of over .50 per share