RE:RE:Goldman on New Commodity Supercycle$10.00 copper = $8.14
X 65 million pounds per year (underground only) = $529,000,000 per year free cash-flow (profit)
X4 multiple = $1.25 per share (underground) plus that would mean the open pit would, long before, be financed and = $200 milion pounds per year copper equiv
X ~$ 8.25 = $1,650,000,000 per year free cash-flow (profit)
X 6 (higher multiple for more mature and larger) = $5.82 per share:
So: $5.82 + $1.25 = $7.07 per share USD = $8.98 CAD per share Happy dreaming of $10.00 copper ...could actually happen:))
Cheers,
Notgnu
prophetoffacts wrote: "While Goldman has a copper target of $10,000/mt, which is consistent with its $65/b oil price, Currie speculated as to whether copper could actually reach $40,000/mt at some point."
So what would NCU's price be with $10 copper?