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COPPER: MQR's Lone Star Copper Project worth 16c a share

  1. tradeprofits
    1,313 Posts.
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    12/05/24
    16:46
    Post #: 73785573
    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):
    https://hotcopper.com.au/data/attachments/6165/6165237-62702773961d13758db0460e59a1969f.jpg


    Last edited by tradeprofits: 12/05/24
    MQR Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 4  Great analysis
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