Positive agreed, lets put this into perspective for those with not much experience
These results however boring to some validate that this region has mineralization from near surface to well over 200m deep in Daheim which makes up just a tine portion of their huge 5600sqkm land holding
More holes will define another separate resource all adding up to be substantial
Let's not forget the board have over 160,000m of historical drills to go over which was valued at $34m alone
Now where can you find a company valued at $7m with a proven $1 Billion Copper Deposit which only makes up a small portion of their tenements
10mt so far, I say they can easily get to 30mt pretty quick = $3 Billion
then 50mt to +100mt
Comparing to Motheo owned by SFR who have 53mt resource so far
Many wise mining experts have called this region (the KCB) The Next Copper Frontier
Another important aspect here is management are pro-active and communicative as I see many other junior companies that get very little dialogue from the board, it wouldn't surprise me that they do the CR at a premium by sweet talking what they have under their feet in value to the world markets. After all these guys founded SFR from a penny stock like this to make it a $2 Billion juggernaut and only diluted it to 410m SOI, that's a track record to be proud of. I'm sure they won't dilute the crap out of this as it's not their style
In the announcement they have mentioned the go ahead from accessing the very exciting Snowball Tail tenement which has 3 major prospective horizons that could turn into something big on it's own
Bruce mentioned he is on the quest to find the Black Shale which is indicative of the Feeder Zone for all the Copper in the area which might not be that far away
The biggest rewards come from Long Term Holds
Other companies are trading at multiples of this without proving a single thing but hot air
This ridiculous market cap won't last, the fundamentals here are too good to ignore
- Forums
- ASX - By Stock
- Ann: Copper assays confirm new geological interpretation
Positive agreed, lets put this into perspective for those with...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NRX (ASX) to my watchlist
|
|||||
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.949M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.4¢ | $8.972K | 640.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1884684 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1548333 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1884684 | 0.013 |
3 | 650000 | 0.012 |
3 | 455000 | 0.011 |
4 | 1040000 | 0.010 |
3 | 614980 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 1548333 | 3 |
0.016 | 1460867 | 5 |
0.017 | 792000 | 5 |
0.018 | 975567 | 5 |
0.019 | 950000 | 1 |
Last trade - 14.48pm 30/08/2024 (20 minute delay) ? |
Featured News
NRX (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online