BTR 6.67% 1.6¢ brightstar resources limited

cu price sensitivity

  1. 4,005 Posts.
    lightbulb Created with Sketch. 1276
    I know that this is all just theoretical but nevertheless at least interesting.

    Currently BTR has a market cap of A$ 24.64m. Thereof A$ 14.2m in cash and another A$ 12m to come from the Perkoa sale = A$ 26m. So currently you are buying cash even with a discount.

    Based on the OPFS the NPV after tax on current CU price level (US$/lb 3.14) is US$ 286m or roughly A$ 300m or A$ 1.85 per share.

    Currently the increase of CU US$/lb 1 cent is the equivalent of an increase in NPV of approx. 5m or roughly 3 cents per share.

    As per a standard prefeasibility study, the level of accuracy is quoted as ±25% which means that the figures might substantially improve or also worsen.

    In addition there is exploration potential around Kitumba (Kakozhi) and another at least half a dozen of potential targets in the area.

    Well...I really do not want to look optimistic here but considering the facts I think it can not take too long till somebody realizes that BTR at these levels might be an interesting investment. Especially if the CU price should recover further and with a long term view.

    I would not be surprised if somebody would be interested in a JV


 
watchlist Created with Sketch. Add BTR (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
0.001(6.67%)
Mkt cap ! $37.92M
Open High Low Value Volume
1.5¢ 1.7¢ 1.5¢ $434.3K 27.09M

Buyers (Bids)

No. Vol. Price($)
5 1246961 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 2778457 5
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
1.7¢
  Change
0.001 ( 17.2 %)
Open High Low Volume
1.6¢ 1.7¢ 1.6¢ 10265261
Last updated 14.47pm 28/03/2024 ?
BTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.