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Couldn't agree more @affect when it comes to valuing this...

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LST123

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10/11/22

17:19

Post #: 64699969
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Originally posted by affect: ↑

Very clear message here, James Thompson who will be controlling the finance deal for the CR has been scooping up all the spare coin he can. He's getting in because of the ridiculously cheap price and probably knows a thing or two more than what we know in the background.
As Scarpa noted he and his partner have amounted about 15% controlling interest of this, another thing is that JT's firm commitment on this company has shown that this is the only company that he holds shares in out of the whole ASX as stated in last Annual Report.

There are so many juniors out there that are valued at $20+ million on things like Rock Samples etc, this has a proven JORC resource of about $1 Billion Copper from 5% of their huge land holding which covers 6000sqkm being all within the Kalahari Copper Belt. In hindsight we should be valued more than CBE $34m which is about 5 bags more than us as they will take sometime to even get to our JORC level by then this will have tripled their deposit sizes in several different zones.

They will make this run hard any day now so they can get that VWAP at much higher price
Experienced peeps who how this system works, they will either make 10c their target or the teens then maybe do an SPP for current holders with a combined cornerstone investor with serious capital to turn the belt into swiss cheese.
There is a possibility that they will raise the same amount as current m/c which will give this zero EV
So on that alone it will double in sp, about a year ago it priced was at 15c since then we have advanced more
Lots don't realize that they have only scratched the surface of a small portion of this land, and I can see that they will be able to create a 50-100+ mt resource which will be valued in the Billions

Best time to get in before the music starts
The fundamentals for Copper are enormous for large price increases, China coming out of lockdowns increasing consumer spending along with ramping up on stockpiles feeding the Green / EV transition = Boosting Cu price
If 4c gets taken out there won't be much meat left on the bone to get it to 10c .......

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Couldn't agree more @affect when it comes to valuing this at more like CBE. I'm sure that will form apart of the CR story.
This could in a heartbeat be back at .15 then lift quickly on news - but we do need to get on with it. Either a CR or drilling Helm or both

NRX Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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Couldn't agree more @affect when it comes to valuing this...

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Couldn&apos;t agree more @affect when it comes to valuing this...

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Couldn't agree more @affect when it comes to valuing this...