CPO

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2.4¢ culpeo minerals limited

not from the valuation of a shell mate. shells are only good for...

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Corgi

2,596 Posts.

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20/12/23

10:33

Post #: 71543240
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Originally posted by Scarpa: ↑

All explorers start like this. You should invest in blue chips. I'll name a few for you - LTR, FMG, PLS.
Yes, in the early days they will need to raise to explore - it is what explorers do. Most explorers fail because 1 in 100 ever makes it from exploration to mining, because the critical part is finding a resource which only the drill bit decides.

Turning to these results, they are actually a good start and been first two drills that is what we draw attention here. Very few companies find something that is decent in the first drill - CHN and WA1 come to mind.

So yes they will get capital to further drill. I also suspect before they raise they will wait for the assays. If the assays are good, you don't need to worry they will be able to get funds and moreso I suspect at an ok price. I think I will have punt here myself.

I guess we can revisit this post end January to see who was closer to the mark.

If the assays confirm what they think is there then I am certain in my mind this will be trading above what it is now. Obviously a lot lot lot more drilling required to define a resource and then see if it is commercial to mine. The only thing I will agree with you at this stage is that anyone on here talking mining the resource now doesn't know much. However, to your point, if those assays are good, they will be raising and that will not be an issue. It is how explores start.

All IMO

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not from the valuation of a shell mate.

shells are only good for a RTO.

Almost no explorer has dug themselves out from this range.

Usually they've be valued around $10-$15mil, raise approx 20-25% which buys about half a year of drilling.

CPO can buy about 5 holes from their most recent raise.red flags

CPO Price at posting: 3.5¢ Sentiment: Sell Disclosure: Not Held
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Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $5.151M

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