The other day when I stumbled upon this future great stock, I compared it to RXM. Well I'll take it a step further and compare it to CDU, yes that's right CDU and believe me the comparison will bowl you over.
RXM
100Mt @ 0.7%Cu & 0.2g/t Au 700,000 tonnes of copper and 650,000oz of gold
Market cap today $335m
CDU
Their best grade resource is 30.94Mt @ 1.24% for 383,656 tonnes of copper
using cut off 0.25% 157Mt @ 0.56%Cu = 879,000 tonnes
Using cut off 0.15% 245Mt @ 0.42%Cu = 1,029,000 tonnes
This is their total resource 1,029,000, yet as of right now with a intraday share price of 2.82, they have a market cap of $410 MILLION
So RXM $335m and CDU $410m
If your not sitting down reading this I suggest you do lol
AOH (as many of you know, but just for comparison above)
Roseby - 900,000 tonnes of copper at a grade of 0.7%Cu a lot better than CDU's and equal to RXM's. We also have 429,000oz of gold a bit less than RXM.
Outokumpu - 153,000 tonnes @ 1.6%Cu and gold included in the 429kioz total and will be in production in 12 months for copper, gold and zinc
We know Xstrata is drilling at Roseby and have an option to buy 51%. They started drilling in the September quarter and some results have come back very positive
112m @ 0.9%Cu 158m @ 0.5%Cu
All results should be out this month or next. A Resource upgrade is now pending on a resource that already stacks up to companies like CDU and RXM
This is what stands out AOH market cap at 38c intraday = $93m................INSANE
3.6 times less then RXM but have a larger proven resource 4.4 times less than CDU but larger proven and better quality resource
While I'm at it, I might aswell throw in the latest darling SFR. They have 600,000t Cu, 660,000oz gold, 5.1m oz silver albeit at better grades which makes production cheaper but they have a market cap of over $1 Billion. More than 11 times of AOH.
If I have made any errors, please correct me as I wouldn't want to mislead anyone.
These are the facts.
Have I missed something??? or are we going to make some serious $$$$$$$$$$$$$ here.
Bring it on!!!!!!!!!!!!!!!
AOH Price at posting:
35.8¢ Sentiment: LT Buy Disclosure: Held