CPO

2.78%

3.7¢ culpeo minerals limited

Yep me too, took a chunk in the final auction. Even the SP is...

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Resurgam

2,162 Posts.

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10/06/22

21:35

Post #: 61951029
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Originally posted by wenty: ↑

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

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Yep me too, took a chunk in the final auction. Even the SP is high due to the low SOI (which puts off some retail punters) the MC is amazingly low for the mineralisation they have encountered.

Thanks to all the constructive posters so far (esp @VascoBlack)

CPO Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.001(2.78%)		Mkt cap ! $7.534M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.7¢	$13.17K	348.9K

Buyers (Bids)

No.	Vol.	Price($)
1	210103	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	27000	1

View Market Depth

No.	Vol.	Price($)
1	210103	0.036
2	258993	0.034
2	381245	0.032
2	196770	0.031
7	658574	0.030

Price($)	Vol.	No.
0.040	100000	1
0.041	9979	1
0.042	99999	1
0.044	543679	3
0.045	505730	3

Last trade - 13.23pm 06/09/2024 (20 minute delay)

CPO (ASX) Chart

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