Mid January NCU was about $20 million lower market cap than today.
Copper has increased over $0.80 per pound. Before the end of the year we will be producing about 65,000,000 pounds per year copper
65 million X $0.80 X (a low) 5 X multiple = $260 million, divided by 1.8 billion shares out is almost $.14 per share USD and that =
$0.17 CAD for the underground only.
Added together we should be easily at $0.34 CAD today plus a few cents for the increased open pit asset value for a
minimum share price of
$0.37 today IMO.
On top of that, the January price was already $0.10 too low IMO but.... so be it
IMO this will all start to adjust over these coming weeks and all will be well.
DYODD
Cheers,
Notgnu
+++++++++++++++++++++++++++++++++++++++++++++++++++
$0.17 @ $3.60 copper vs $0.19 at $4.30 copper
Mid January NCU was about $20 million lower market cap than today.
Copper has increased over $0.70 per pound. Before the end of the year we will be producing about 65,000,000 pounds per year copper
65 million X $0.70 X (a low) 5 X multiple = $227 million, divided by 1.8 billion shares out is almost $.13 per share USD and that = $0.16 CAD for the underground only.
Added together we should be easily at $0.33 CAD today plus a few cents for the open pit asset value for a minimum share price of $0.36 today IMO.
On top of that, the January price was already $0.10 too low IMO but.... so be it
IMO this will all start to adjust over these coming weeks and all will be well.
DYODD
Cheers,
Notgnu