Note the Gold price used in the assessment. Gold is about 25% higher than assessment price.
This project (located in USA) is already getting close to being in the money. It's resource is Copper plus Gold and Silver.
With Copper at $6.80 a pound by next year as predicted by Goldman Sachs, even with Gold/Silver at current levels, the NPV is over AUD $70,000,000.
> MQR will be able to sell this shortly for a multiple many times that of it's Market Cap.
Well they better pay it out as a Special Dividend to holders.
COPPER: MQR's Lone Star Copper Project worth 16c a share, page-10
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