from Today's $tockhead .
Among the ASX plays he’s looking at currently is Cooper Metals (ASX:CPM), which has run hard in recent weeks on a new copper discovery in the famed Mt Isa region of central Queensland. Lowell is the major shareholder of the explorer, which has gained more than 200% since the end of October.
“All of the companies in our portfolio we obviously think have got lots of upside, but one that’s made a new discovery is Cooper Metals. It’s in the Mt Isa Inlier in Queensland, which is obviously massive elephant country,” Forwood said.
“They just drilled an intersection on a new discovery called Brumby – 71m at 2.8% copper, which is a fantastic result. It’s only got a $20 million market cap. We think there’s huge upside there.”
CPM Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
