RE:Open pit economics at $3.66 copperHere is the math:
Take the 7.5% discounted Net Present Value (not NAV... that was a mis-type) and subtract the difference in price between any two of the listed examples (like $1,178,000,000 at $3.50 copper, minus $594,000,000 at $3.00 copper and get $584,000,000)
Take the $584,000,000 difference and divide it by 50 cents difference and get $11,680,000 per 1 cent.
Take the $11,680,000 and divide it by 1,700,000,000 shares out and
get .00687 (about .7 cent per 1 cent of copper price) Note: this is the NPV of the open pit and it already assumes the cost of building the open pit! Cheers,
Notgnu
Notgnu wrote: The open pit NAV increases by $0.007 per $0.01 copper price.
Today's copper increase (by that metric) just added $0.03 to our share price.
You can work this out easily yourself in reference to page 14 of the corporate presentation:
https://nevadacopper.com/site/assets/files/4202/2020-12-16-cp-rev-ncu.pdf
Cheers,
Notgnu (NCU, NWHM, TOT)