Mister Tuesley, Mister Tuesley, Mister Tuesley; The Share Capital shown on your web site is very stale, only showing:
| CPO | Fully Paid Ordinary Shares | 77,509,844 |
|---|
| 1 | CPOO | Options @$0.18 Exp. 28 November 2024 | 13,934,102 |
|---|
| 2 | CPOAF | Performance Rights (Escrowed until September 2023) | 5,200,000 |
|---|
Should be:
So Fully Diluted Mkt Cap @ 13c high was: $21M Fair Value ? They do have a good starter at Lana Corina.
At 18c exercise price of the free trading Oppies MC= $29.1M
At todays close of 9.8c is MC= $15.84M
Potential Drift Target pre drill results release: MC ~ $10M ~ 6.2-7c per share- Believe this would be excellent buying. I would guess the option exerciser was selling out at the 10-13c range. That additional supply was readily absorbed.
The upside is in scale and grade which early indications are suggesting a global 1-1.5% Cu for Lana Corina & the andesite hosted targets, with the addition of potential for a large possibly lower grade (0.3-1% Cu) porphyry at La Florida and potentially Vista Montana mag target (north of Lana Corina).
They have a lot of targets.
