Stop has shown us all why thorough research should be undertaken before jumping on a spec stock, this hit a high of what 50c and where's it at now? PNG: Australia May Ask Govt To Intervene In Exploratory MiningĪustralia may ask Papua New Guinea to intervene in exploratory mining which some fear could threaten the heritage value of the iconic Kokoda Track reports The Age Online. Nice call Stop_the_clock, very well researched! You've also failed to take into account - (i) initial development costs, (ii) per lb production costs (the resource is pretty low grade, so the per lb production costs would probably be pretty high), (iii) time to development.Īlso you're calculations are based on today's metal prices, it'd probably be sensible to use a price closer to the long term average.Īnd thats all assuming they really have the resource they claim to have.ītw I've been drinking beer since 3pm this afternoon so its quite possible I've stuffed up as badly as you with the numbers - I've put the maths belowģ40,000 tonne * 2204 lb/tonne * 3.6 $US/lb * $1.33 $AUD/$USĥ1 tonne * 32151 oz/tonne * 660 $US/oz * 1.33 $AUD/$US I think you'll find that the total of those resource estimates at face value is about $5 billion AUD at current prices (3.6 bill for the copper, 1.4 bill for the gold).
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