i jumped into this one today. This is shaping up to potentially...

i jumped into this one today. This is shaping up to potentially be quite a significantly sized resource, which warrants a lot more than a $17mil MC.

if I’ve interpreted the announcements correctly it looks like CPO is encountering mineralisation over 330m depth, 200m strike and perhaps 150m width. My back of envelope calcs give a resource of around 25MT - 30MT, where I would guess at about 0.7% Cu, for 175,000t - 210,000t contained Cu.

To put that into perspective, AR1 has a resource of 16.7MT @ 0.59% Cu for 98,700t contained Cu. AR1’s current market cap is $240mil (they are producing though).

CPO’s mineralisation is open at depth and open along strike in multiple directions too, with the possibility of a feeder body at depth. Imagine if mineralisation occurs over the entire 1000m of strike, and imagine if there is a feeder body?

the above are just my amateurish calcs, but I just don’t see how CPO can stay at such a lowly MC if/when they prove up a significantly large resource.

IMO

GLTAH