60 percent copper

Check out Coronado resources:

Number of shares 19,000,000
Share price as of 14th Nov. 0.73 CAD
Market Cap = 13,870,000
Cash listed as $2,900,000

So we have a company with only a 14M (US 12M) market cap with 2.9M (US 2.5M) in cash.

From Jason Hommel: (http://www.silverstockreport.com/ema...discovery.html)
“This January, a copper explorer's drill hit 19% copper over 64 feet, including 41% copper over 27 feet. Later, on Feb. 15th, they announced 41% copper over 27 feet, and within that, 60% copper over 13.5 feet. Those are definitely minable widths! 40% copper is 881 pounds/tonne, which, at $3.65/lb., is worth $3,200/tonne! Typically, rock worth about $200/tonne is considered high grade, and very profitable, for an underground mine.”
More info here: http://www.coronadoresourcesltd.com/News_Feb15_2006.pdf

Adding to this:
Two more drills have since hit 19% copper! (Silver also)
See: http://www.coronadoresourcesltd.com/...ept28_2006.pdf

High grade gold also:
1.339 OZ/TON GOLD OVER NINE FEET,
See: http://www.coronadoresourcesltd.com/...ept25_2006.pdf
Also prevous results are very good: http://www.coronadoresourcesltd.com/News_Feb9_2006.pdf
These are very respectable results!

More Silver:
http://www.coronadoresourcesltd.com/News_Jan26.pdf

Actively building a decline, and heading toward these high grades!
See: http://www.coronadoresourcesltd.com/News_Oct16_2006.pdf
And from home page” Eight diamond drill holes have been completed in 2006. Underground development of a 14' x 14' decline adit started in October of 2006. The tunnel will be driven initially 700 feet at a grade of -15% to access the mineralized zones.”

Am I missing something or is this 12M USD microcap stock very undervalued!