CPM cooper metals limited

Ann: Investor Presentation, page-20

  1. 3,648 Posts.
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    @prs

    I understand your concern and I had the same concern previously. However, if you really look back at the announcements and presentations, you will come to the conclusion that we have more than "just rock chip results".

    1) The rock chips were taken from mined old workings of shafts, shallow pits and slots. In other words, the mineralisation has been mined by someone else, a long time ago.

    2) King Solomon historical production- 894 tonnes @ 5.3% Cu with a further 2,195 tonnes of cupriferous limestone flux @ 2.3% Cu. This is a mine. A small one that is.

    We know that there are more than just surface rock chips. We know that we already have the copper mineralisation. We just don't know if they are small or big. And how extensive they are.

    At around $18M market cap, we are still around 13 times cheaper than CNB as @gbgirl has mentioned. Great risk vs reward here.
 
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