RE:Cup is CorrectIf they average $4.50 copper over this fiscal year, and their c1 is say $2.20 or so, their EBITDA will be close to $270 million. That is basically $1 per share.
That valuation would be really low based on fundamentals. Owning Gib 100% makes a big difference. Then there is Florence coming on line which will gradually be reflected in share price more an more as production nears.
If an announcement about New Prosperity happens sometime this year, which is their goal, then everything changes. That is not priced in at all.
There should be more run based just on the value of Gibraltar alone given the fundamentals. But it actually takes buyers, so we will see. Traders produce all kinds of gyrations in stock price.