CVV 5.88% 18.0¢ caravel minerals limited

Ann: Infill Drilling Results - Bindi Copper Deposit, page-8

  1. 142 Posts.
    lightbulb Created with Sketch. 19
    Interesting! If I assume CVV will shortly post a resource of 1.6MT @0.25% Cu, then the project value using a rough pro rata on the numbers in your post is around $1.1B or even more. I acknowledge this comparison maybe apples and oranges (need to take into account position in the development cycle, strip ratios, grade etc). Either way, it is a lot more than CVV's current market cap of $0.16B. Happy to hold!
 
watchlist Created with Sketch. Add CVV (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.