CPM 7.41% 5.8¢ cooper metals limited

These are poor results in light of the expectations for BR.Looks...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 818 Posts.
    lightbulb Created with Sketch. 387
    These are poor results in light of the expectations for BR.

    Looks like they got extremely lucky with their first few hole, especially 28, but per today's announcement "Drill hole 23MERC028 and new hole 24MERC003, appear to have drilled down one of the MFBZ’s explaining the lengthy drill intercepts."

    This means they drilled down-dip through the mineralised part but the 'true widths' are poor.

    Figure 2 shows they drilled numerous holes around the discovery hole and the grades/widths are not continuous.

    They have a few other prospects, but BR, which is what everyone got excited about a few months back looks like a nothing burger.

    Cheers
 
watchlist Created with Sketch. Add CPM (ASX) to my watchlist
(20min delay)
Last
5.8¢
Change
0.004(7.41%)
Mkt cap ! $4.544M
Open High Low Value Volume
5.5¢ 5.8¢ 5.5¢ $8.564K 153.6K

Buyers (Bids)

No. Vol. Price($)
2 18600 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 176801 2
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
CPM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.