Kalkaroo Copper Project Peer Comparison, page-121

FWIW below is the previously posted graph comparing selected metrics (copper reserves, pre-tax NPV, Mkt cap) for the 4 undeveloped ASX Australian copper peers, updated for Mkt caps:



Ironically the project with the highest pre-tax NPV has the lowest MC. Clearly there is plenty of leverage to the upside in HAV's current Mkt cap.





Given the robust macro environment and price forecasts for copper in particular, until market sentiment for HAV improves and the gap between price and valuation narrows, my HAV shares stay in the 'bottom drawer'.

DYOR