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9.4¢ carpentaria resources ltd

CAP - Facts and Figures, page-124

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Johnyb888

1,471 Posts.

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01/07/21

16:16

Post #: 54214510
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Originally posted by redned71: ↑

thanks Johnyb
yep, I get all that, thanks.
I think CAP is a much better project than MGT and I have it weighted accordingly in my portfolio. I’ll make a decision in the MGT holding nice we see it’s PFS. I agree, I doubt it will be as good as CAP.
I know most understand the grades. I was talking to those that don’t or are a bit confused.

I’m bullish IO short/medium term. Maybe 1-2 or more years.Who knows. What I LOVE about CAP is that it’s high volume low grade will make a very high % concentrate and going by what we have so far, it will still be profitable at the bottom of the IO cycle, whenever that is. Unlike the higher cost ones like FEX and TI1 that I also hold, but will be out of them well before the next major IO decline (I hope). But as CAP will be fine at the bottom, I’m fully intending on holding it long term. Indeed, the next down cycle will just be a great buying opportunity imho. it should evolve into a multi billion $ company in time.

cheers,
ned.

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I am completely with you. Will be reducing or getting out of my IO producers but might hold CAP and MGU until the next cycle a decade or two away!

CAP Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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