copper price, page-13

The last month has certainly seen the price turn back into a upwards trend.

The current price forecasts swamp the $2.80 us a lb used by the Expert to arrive and NPV of 15.5c a share residual cash after paying all creditors and debt from the 100,000,000 lbs that Steve and the team will did up in the next 12 months and process over the next two years.

Its likely that we will end up with more than twice the 15.5cents a share in free cash and yet sellers were happy to pocket 7.7c a share yesterday. At the start of the day I thought I was going to have to pay 8.1 cents

Seems like an unbelievable opportunity to buy into a very low risk short term multi bagger !

I've certainly been mirroring Steve's efforts in the pit and digging deep in the old pockets.