CLZ
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0.00% 0.1¢ classic minerals ltd

Undervalued

  1. nextime2
    782 Posts.
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    31/08/22
    20:14
    Post #: 63445132

    I reckon CLZ with a market cap of $3.3 Million is seriously undervalued. Appears to be oversold and I have been buying.
    The Kat Gap, Lady Ada and Lady Magdalene Gold deposits have a combined JORC 2012 gold Resource of 403,900 oz
    At $50 an ounce this is $20.2 Million (current gold price is $2500 an ounce), this is without adding exploration potential and mining approvals being in place for Kat Gap .
    None of this is investment advice
    CLZ Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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