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Real-Time news about Toledo Copper (London Stock Exchange): 0 recent articles
|squareroo: A feasibility study of the rehabilitation and re-opening of the mine is close to
completion and is currently being audited by independent consultants Behre
Dolbear Australia Limited. The study is based on a mine throughput of 42,000
tons of ore per day which, over an 11 year period, is estimated to produce on
average 100 million pounds of copper and 45,000 ounces of gold per annum from
underground block caving operations.
100 million lbs = 44000 tonnes
27 month price = $2 200/tonne
2200 x 44000 = $97 mill per year 40% = $38 mill =
#22 mill GBP + gold + 5mill nickel = 30 million
lets say 20 mill profit a year should give mkt cap of 100 mill
lets say they issue another 250 million shares
share price of 11p|
|combo83: Squareroo: -
"I don't expect any fireworks anymore.we'll get an rns saying that study confirms x amount of copper and perhaps some details of how it will be financed."
Don't let these delays discourage you, the risk/reward will be unchanged no matter how long they delay. The purpose of the feasibility report, as you know, is to determine if they'll make money from the mine after the initial cost of resuming operations. If that initial cost is favourable, the report will tell us exactly how much they expect to make and the share price will follow. If the potential earnings per share is high, then there WILL be fireworks! Though it's difficult to put numbers to it, even a potential earnings of £828,400 or EPS of 0.19p would give these a fair trading value of circa 8p. Great potential.
On the other hand the report may conclude that nobody is willing to finance, or that the options aren't favourable, etc. In this case we could see a large drop on the bid.|
|dollyg: well well well...loads more shares issued an zip change (relative)
this has got to be a 10 bagger with china predicted to peak next year
copper prices, high or low grade should rise more and hence TCU share price.
Even ignoring the nickle deposit....strong buy.|
|shiny000: Well then there you have it! I'd counter with a fact that the likes of RAB have made mistakes and do not only pick winners.
I'm not saying they have in this case, it's much too early to tell either way whatever happens to the share price in the short or medium term.
No doubt you could ask 100 people and get 100 different views. I've no problem at all with that.|
New to the thread but have held these shares for a month or so.
Lack of news is a bit scary , but this is a high risk share and all you can do is do as much research as possible and hope you have done enough i guess.
All being equal and news is good what type of share price could we be looking at in the near future and then longer term ?|
|shiny000: Too many variables right now to make accurate predictions, therefore any figures posted here cannot be taken seriously. Some may get it right but it would purely be by chance. Is tcu a good or bad story in the making? we simply don't know yet.
A good company doing what it says will breed investor/market confidence and in turn breed a healthy share price.
Most of the bad 'uns puff lots of hot air with prices rising to unsustainable levels on hope alone. This hasn't happened which can only be good in the event of either positive or negative news.
So come on tcu, the time has come to show us whether as a company you're above or below the swamp line!!|
|squareroo: supposing the copper mine gets the thumbs down? wouldn't the share price be supported by the nickel project coming on stream in march.also there would be no need to raise funds.|
|tessybear: Any further ideas on when there might be a share price rise? Was that last trade of 250000 a buy?|
|suntan: I think the share price will go up!! A little like AT`s prices did when news of the deal broke in RP market (PSE)..Up nearly 500% at one stage!!|
|sagem: watshot has tipped TCU share price about to double.|
Toledo Copper share price data is direct from the London Stock Exchange