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
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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($) | Vol. | No. |
---|---|---|
1.7¢ | 2778457 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1246961 | 0.016 |
30 | 10599257 | 0.015 |
24 | 12028987 | 0.014 |
21 | 11766709 | 0.013 |
11 | 5480000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 2778457 | 5 |
0.018 | 3859401 | 9 |
0.019 | 4335802 | 5 |
0.020 | 1723000 | 4 |
0.021 | 1000000 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
1.7¢ |
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Change
0.001 ( 17.2 %) |
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Open | High | Low | Volume | ||
1.6¢ | 1.7¢ | 1.6¢ | 10265261 | ||
Last updated 14.47pm 28/03/2024 ? |
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