RE:RE:Insults Won't Change Anyone's MindDear Tops,
You don't need to reinvent rubber. The most up to date Company study from Jan 2018, Table 24-17, for a 12 Mtpa mine at Kamoa-Kakula:
UNDISCOUNTED cash flow for the entire life of mine is $32 billion at $3 lb copper. We get 39.6% of that, or US $12.7 billion. Life of mine, including four years construction is 49 or 50 years. So you don't get to pocket the entire US $12.7 billion until the 2060's. Of course, anyone should discount this in consideration of the time value of money. There are over 1 billion shares issued at this point:
$12.7 billion total cash flow for LOM / 1 billion shares out = US $12.7 share.
Where do you come up with $30 to $40 share?
Kipushi and especially Platreef are going to add significantly to the bottom line. But you still don't end up anywhere near $30 share.
A couple of additional points. The new tax and royalty regime will revise the above values lower. On the other hand, if copper were to rise above $4 lb this would improve the above by 66%. Resource expansion will add to the overall value. I'm confident K-K will expand significantly. Tops, your scenario is not impossible, but from our current perspective, it's still a long shot. Yet the Company doesn't need $30 share to be successful. Just $5.70 would double where we are now. $8.50 would be a three bagger. In my opinion, this is going higher. That's all I care about.