LCL 14.3% 0.8¢ lcl resources limited

copper , page-2

  1. 931 Posts.
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    Straws - I'm new to the copper thing. I'm accumulating MNC in the teens, but obviously I'm impressed with the run that CDU has had of late. I have just read the CDU annual report and I'm scratching my head on the valuation - their resource is not proven, Los Calatos' confirmed resources dwarfs even the optimisitic estimates that I have read from CDU - with heaps of upside. Why is CDU a 750 M company and MNC a 77 M company? I know it is better capitalised etc. but it is far more immature as well. Appreciate your thoughts.
 
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