Rocket973 sees the balance a bit different to me, but Rocket may be more accurate than I see it.
After Mt Gordon sale $67M net cash + guestimate of $35M receivables, copper held and consumables less payables
Net assets less total liabilities would be close to $100M
Market cap of $76M at 23.5c
No cash burn. Cash cost of $3.11 / lb for last quarter vs $3.28 current price. They should be able to improve on this and also good chance AUD copper price improving from here.
Rocket973 sees the balance a bit different to me, but Rocket may...
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