CPO 2.63% 3.7¢ culpeo minerals limited

Ann: Broad Zones of Shallow, Visible Copper Intersected, page-51

  1. 2,298 Posts.
    lightbulb Created with Sketch. 1793

    It's not that cheap to DD drill in chile.

    their related company tso pays inexcess of $500/m as an all in rate.

    net cash they had like $230k left as of Q3... refer below

    there is some major underlying issues here if valuations aren't substantially marked up so they can do a proper raise.

    they had to split the raise into 2 in what was arguably one of the worst raises in recent times. & there isn't much $ left.

    https://hotcopper.com.au/data/attachments/5831/5831480-a60f316a1704dde426b94acf4cac8905.jpg

    https://hotcopper.com.au/data/attachments/5831/5831483-5bff550847aaf6e1b0eea55a4ffca736.jpg

 
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