Fortuna project is worth a separate thread as this has started the recent rerate. I strongly believe that the Fortuna project can be a life changing opportunity to CPO investors.
Fortuna Project is situated in the Coquimbo region of Chile, where significant outcropping high-grade copper mineralisation offers walk up drilling targets. Fortuna tenement is 4,025Ha. The Fortuna project is associated with a structural belt orientated in a NS / NW direction, about 6km long and 500m wide. Mineralisation is predominantly copper with accessory gold, silver and molybdenum (US$43,000/ mt and used in alloys).
The Fortuna Project consists of five key prospects: La Florida, El Quillay, Vaca Muerta, Piedra Dura and Lucero. Extensive outcropping copper mineralisation and historic mining operations are present throughout the Project area.
Below is a high level summary of current status and news we all are waiting on.
Regional Map
Next Steps
With the Fortuna project, CPO has become a hot copper stock on ASX. I have increased my holding here and reduced another copper holding I have. I am convinced risk reward here is excellent.
After re reading the last 6 announcements and more research, I have increased my short term target to $80m MC from $20m previously. If the copper grades from assays >2%, I think a share price of >50c in the near term is not out of reach!
This is not investment advise and please do your own research before investing your hard earned money.
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Fortuna Project can be life changing to investors and s/ target increased to 50c
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