Based on the only JORC resource that NRX owns (which is in Canada) I roughly get a MC/Cu tonnes of $843.
HC Market cap states 22M
JORC resource 1.63MT @ 1.61% Cu for a contained copper resource of 26,000 tonnes.
Happy to be wrong - as always folks DYOR.
Yes lots of upside on the Namibian exploration - and that is where the value of this play is. However, questions over the multiple locations of the known deposits and feasibility of worse case small satellite mines. Also the best hits reported are at Okasewa and they start from 100m below?
Most undervalued asx copper resource, page-9
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