The market/price action seems currently valuing CPM into minimal and disregarding the work it has done so far (esp in King Solomon) and the potential projects too it has got:
Brumby Ridge is just one of the potential prospects CPM has in its Mt Isa East project in the hot Mt Isa - Cloncurry region in northern QLD. Just like when they were achieving some good/decent results in its King Solomon prospect (see above) last April (https://hotcopper.com.au/threads/ann-investor-presentation.7337716/) they probably didn't expect the further 'discovery' at Brumby Ridge later in Nov 2023 (https://hotcopper.com.au/threads/ann-brumby-ridge-copper-discovery-confirmed-71m-2-8-cu.7732801/, still need further verification though at this stage). Now they are about to drill the other four prospects in same region, anything can possibly happen too one would think (being in this region). So fingers crossed.
CPM has a small register (total SOI around 78.2m ish atm) and still has circa $5m in the bank at the end of Feb 2024, plus the management has been really tight/frugal and consistent in their quarterly spendings which is always a positive sign for any junior explorers with very limited funds. Could be wrong but im buying at these levels.. AIMHO, GLTAHS.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 8600 | 0.054 |
1 | 53911 | 0.053 |
2 | 99134 | 0.052 |
2 | 10400 | 0.050 |
1 | 10000 | 0.049 |
Price($) | Vol. | No. |
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0.057 | 48882 | 2 |
0.058 | 177591 | 2 |
0.059 | 50000 | 1 |
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