Post by
metalhead666 on Dec 24, 2020 1:34pm
Fun with numbers and why this is a $30 stock....
In a couple of years....
Copper at $7 per lb. This is not far fetched with a growing deficit and high demand
AISC of $1.35 which I assumes covers royalties, debt payment etc (I could be wrong on this but follow along)
100 million lbs of production per year for decades
Round down to a $5 per lb profit equals half a billion $$$$
Divide by 300 million shares assuming some capital raises between now and then
That's rounded down to $1.50 per share in annual earnings
Give it a 20x multiple as it's a world class predictible project...maybe throw in a dividend which I'm sure is likely at some point
You have a $30 stock or a 30x bagger give or take in 3 years or so.
If my math is off by a factor of 2x it's still a $15 stock and if I'm 3x wrong for whatever reason it's still a $10 stock!
You find me another investment that has the will of the people and the force of every government behind it that can claim to be a "green" miner supplying a much needed product into a market of decling supply....I don't think you can
Now can things go wrong? Of course but at this stage I highly doubt it.
In addition we will be getting terrific press coverage, could get a buyout offer at any time and have a clear pathway now to growing production every day.
I have aggressively added to my position this week....I intend to hold until the 100 million pound mark is reached or my price target of $30 or a buyout offer
IMHO this is the single greatest opportunity I've found in over 40 years of investing.