the market moves in mysterious ways. Sure it is excellent discovery and there may well be much more upside, but when you compare it to other copper explorers. It is suffering the same depressing market reality, ore bodies along way from mining are heavily discounted. Just look at HMX it has held a JORC copper and moly resource for many years, still no closer to mining and MC is not valuing the ore body at all. Then I look over the fence at CNB has had great success and an existing mining lease, the MC has dropped in half over the last 6 months. To my mind explorers can have the luck of a hit but also require the luck of the markets too, ie the commodity price and the capital markets ( a significantly more unpredictable beast ). I certainly think CPM has a great discovery on its hands but will need more drilling and a jump in copper prices to really shoot the lights out. GLTAH
CPM Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
