Post by
argaiv on Oct 14, 2021 1:55am
If Production Targets Are Met Next Year
You can use some numbers that are below the current copper price and look at the profit.
400,000 tons x 2000 lbs/ton = 800,000,000 pounds of copper produced
Let's pretend our all in sustaining cost is $1.50, and that we only sell it for $3.50 a pound.
We are making $1.6 billion in profit. If we sell if for $4.50 a pound we are making over $2.4 billion in profit. You are talking almost $2 a share income. This is all about achieving the milestones, and the market rewards shareholders. The life of mine is close to 50 years.
That is well over $1 a share income, and we have not even mentioned the potential of West Foreland, Platreef, and throw in Kipushi.
Comment by
NotSoBrave004 on Oct 14, 2021 2:01am
Don't forget IVN is only a partial owner in the project. Adjust your math before celebrating your dividends!
Comment by
argaiv on Oct 14, 2021 2:36am
The profits are distributed evenly over all of the outstanding shares.
Comment by
alvarez2 on Oct 14, 2021 6:37am
The numbers should be in metric Tonnes....... 1 metric tonne = 2200lbs ( not 2 000 )