Post by
krightg9bo on Feb 21, 2021 7:21pm
Copper up to 4.11 (1%) on Australian market tonight
This might help NCU to keep its Friday level . GLTA
Comment by
Notgnu on Feb 21, 2021 7:33pm
One would think so because every 10 cents of copper, on the underground only, adds $6.5 million cash-flow after ramp up, which at only a 5X multiple is about 2 cents per share and 4 X that (8 cents a share) if the open pit were valued at future cash-flow value, but traders be traders so anything could happen. N