Atalaya Mining Copper Share Discussion Threads

[brockwl2] 29/4/2024 07:39

Your q2 margin should be 1.47/lb.

[theapiarist] 28/4/2024 12:16

Yes indeed. But not only for Q2 but for the FY2024.

My superficial take on the effect that increasing Cu prices may have on margin:-

FY 2023.

AISC = $3.09/Lb
Average price of Cu = $3.80/Lb
Margin = $0.71/Lb

Q2 2024 (assuming similar AISC)

Current price of Cu = $4.56/Lb
Margin = $1.37/Lb
Increase in margin = 93%

FY 2024 (assuming similar AISC)

Assuming average price of Cu $4.75/Lb -> Margin $1.66/Lb -> 134% increase
Assuming average price of Cu $5.00/Lb -> Margin $1.91/Lb -> 169% increase

Throw in potential extra production coming from Touro in 2025 and the Maths becomes even more compelling.

Is this fanciful thinking? I wouldn't bet on it.

[gekks] 26/4/2024 11:15

Very odd to be down when CU is pumping - our next qtr results should be stellar with current prices.

[estienne] 26/4/2024 11:05

Thanks. Is that why the price is dropping?

[wind dancer] 26/4/2024 10:12

Estienne
Monday 29/4

[qs99] 26/4/2024 09:27

How long before $5 is hit do we think?

Roll on main market listing & all that could/should bring! DYOR

[estienne] 26/4/2024 09:17

Is the Index change happening next week?

[wind dancer] 26/4/2024 08:14

Last day at AIM prices!

[mip55] 26/4/2024 06:53

Anglo American reject BHP offer . Part of their rationale is the following:With copper representing 30% of Anglo American's total production, and with the benefit of well-sequenced and value-accretive growth options in copper and other structurally attractive products, the Board believes that Anglo American's shareholders stand to benefit from what we expect to be significant value appreciation as the full impact of those trends materialises.Presumably any Copper mining firm is going to enjoy the same value appreciation.....?

[qs99] 26/4/2024 06:34

interesting reads, thanks

[robmcelf2] 26/4/2024 06:02

Copper breached 10000 USD per tonne now...

[davebowler] 25/4/2024 16:30

hTTps://www.theguardian.com/business/2024/apr/25/bhp-moves-to-buy-anglo-american-mining-group

[robmcelf2] 25/4/2024 16:22

https://www.mining.com/web/blackrock-says-12000-copper-is-needed-to-incentivize-new-mines/

[robmcelf2] 24/4/2024 16:33

Yes pleased to see main listing coming to fruition on Monday. Just need Touro news now!!

[qs99] 24/4/2024 15:35

let's hope so

[rougepierre] 24/4/2024 15:23

At the current MCap they would be automatically listed in the FTSE250...which means Trackers and major funds will have to buy them..

Happy Days.

£6 by the end of 2024...or more...

[qs99] 24/4/2024 15:22

great news. Should allow more instis to come on board....DYOR

[waterloo01] 24/4/2024 12:30

And off to main market next week!

[qs99] 18/4/2024 17:32

agreed Rob

Copper continues to motor along.

Main listing IMO should help increase ATYM's exposure and Instis may want to buy in in size...DYOR

[robmcelf2] 15/4/2024 16:11

Copper just nudging past 4.40 usd per pound. Not far off 10000 per tonne.. just need some news on Touro or main listing to push ATYM higher IMHO.

[cthompso] 13/4/2024 08:05

My read is it's designed to reduce Russia's achieved price rather than restrict supply. Existing exchange stocks aren't included.Still, any tightening has to be a good thing for the copper price.

[robmcelf2] 13/4/2024 02:40

Could this squeeze copper prices higher or I guess this inventory will just flow to China instead...

[rogash] 12/4/2024 12:30

Can anybody tell me how Antofagasta and Freeport can justify forward pe's of 30 and 40?