Map is from CNB forum - showing also smaller Hammer resource location . (apparently Rick Rule has previously liked Hammer, although much better & more exploration needs to occur there )
Thankyou @Wack, also @Mallyrock & @eastwest101 -
*Carnabys (CNB) is shaping up as a classic IOCG large resource- and much more as yet to be proved and determined.
CPM- very similar? (on opinion of the CEO & Geo team. Thankyou @Waviestcash for reposting IW Samso interview)
@Mallyrock , you said last month -
“My understanding is that if Cooper Metals don’t discover a giant IOCG / ISCG, they could as a default case, be happy to build an inventory from a number of satelite discoveries.
With Mt Isa only 30–50 km away, there is the potential to toll treat those deposits through the established infrastructure that’s there, and monitise those discoveries for shareholder value.”
*Talk is of a district scale new significant copper & gold discovery = exactly as for so long forecast as hopefully to be found east of Mt Isa to Cloncurry area . **
Seems market has of course not been aware of Coopers- CPM , this company is so newly listed.
I am seeking opinion and understanding of where CPM lies in this map too - are we the pink and brown north of CNBs holdings ?
Exciting to research !
CPM is surely ridiculously valued at an EV of barely $3 million.
The cheapest IPO I have ever seen.
I think it has been well- noted that CPM has very great prospects & has already given wonderful early indications- and at the launch and current market cap gives greatest incentive for founding holders to hold their shares for the potential discoveries, and new shareholders to enter.
CPM have as much cash in the bank as CNB atm and far greater land holdings, & is it similar geology ?— immediately north /NW of CNB .
CPM totally focusing towards exploration in 2022.
I hope the team working feverishly with the CNB results now as have occurred
CPM management must be very excited.
Glen Little’s work truly deserves to be read if anyone has missed it :
https://hotcopper.com.au/attachments/23_glen_litte-pdf.3937583/?filename=23_Glen_Litte.pdf
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