RE:Congrats to all longs!Simply, here's the way I see things.
2020:
- 150Mlbs of copper, AIC around $2.50 US
- with copper at $3.00 US
- (($3.00 - 2.50US) * 150Mlbs) / 400M shares = $0.19 US x 5 (PE ratio) = share price of $0.94 US
2021:
- 180Mlbs of copper, AIC around $2.25 US
- with copper at $3.00 US
- (($3.00 - 2.25US) * 180Mlbs) / 400M shares = $0.34 US x 5 (PE ratio) = share price of $2.19 US
2022:
- 200Mlbs of Copper, AIC around $2.00 US
- with copper at $3.00 US
- (($3.00 - 2.00US) * 200Mlbs) / 400M shares = $0.50 US x 5 (PE ratio) = share price of $2.50 US
Not leveraging Santo Domingo, lots of upside still at current copper prices and that does not even consider the exchange rate which would add 30%-35% to the above figures.
Can anyone confirm this makes sense?
MoneyK