A reminder for everyone that MQR have the Lone Star Copper project in the USA.
Copper USD $15,000 per tonne by next year (Goldman Sachs). This is exactly USD $6.80 per pound.
https://*********.com.au/copper-price-surge-analysts-forecast-steep-rise-supply-crunch/
(in case URL is hashed out just Google search: copper-price-surge-analysts-forecast-steep-rise-supply-crunch).
Lone Star will be worth AUD $66,500,000
MQR current Enterprise Value is circa AUD $3,000,000
This is a 22x difference.
Sometimes you just need to connect the dots. Works out to 16c per MQR share on Lone Star alone.
MQR ASX announcement 30 Nov 2023 (USD):
COPPER: MQR's Lone Star Copper Project worth 16c a share
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