CPM cooper metals limited

0.00%

3.5¢

Ann: Ground geophysics identify robust conductors at Mt Isa East, page-54

First 54 Last

Share
Profile

Follow
Aqua65

5,510 Posts.

3271

03/03/22

09:42

Post #: 59944993
Share
Originally posted by GeoFiji: ↑

I am no geophysicist but I am a geologist and holder/student of Hammer and Carnaby and I have been watching Cooper but have not taken the plunge yet. So my take on the results and why the market has not responded positively so far:

The anomaly is not at the Python workings which downgrades the chance of a large semi-massive to massive copper sulphide ore body at that location.
The anomaly along the fault near Python is very encouraging but posters here have misinterpreted it. It has a strike length of 420m and a down dip dimension of 100m. This is not the thickness. Working on a 10m thickness as a guess (with no basis whatsoever) - 420x100x10x2.7= 1,134,000t. If this is 1% copper then it has 11,340t of copper. If it is thicker or higher grade then it gets more interesting, 10% copper would give 113,400t Cu. Hammer has JORC resources of 400,000t copper equivalent for those that want to know why they are valued more highly.
The anomalies may not be copper sulphides. There is a lot of pyrite and pyrrhotite out there. Only drilling or some surface copper signs will indicate copper sulphides are likely at the fault near Python. The announcement indicates the conductor comes to surface so the field verification will be very interesting.
Cooper is a great grass roots exploration play but if they find a significant copper deposit with their first drill hole they will be deemed as geniuses. Hammer has so many high grade copper hits and quite a few small JORC resources, large deposits are rare. Perhaps it may have sunk in that this is very grass roots and will very likely take time to evolve into the discovery of a major deposit.
If a large anomaly is present beneath the entire length of King Solomon then it is game on. We don't have confirmation of that yet.
Those that map out a path of share price rises like Carnaby need to understand how many long and high grade copper-gold drill hits they had over the last 6 months of 2021. The shares barely moved until the spectacular grade shoot was extended and thickened by drilling in late December, it had been hit months earlier in thinner form.
We don't know how many and where the other VTEM anomalies are. It will be interesting to see if any pattern or correlation with lithology or structural control is present.

I rate Cooper as a good grass roots exploration prospect with large ground holdings in a tier one mining region but it is a long way from being comparable to Hammer or Carnaby at present. At the moment it has had a great run on the back of holding ground near to Nil Desperandum and having low shares on issue similar to Carnaby.

DYOR. Not investment advice. One good drill hole or detailed analysis of the King Solomon anomaly revealing a considerable size could move the share price but it will require much more drilling to define a significant discovery or create JORC resources. I view Cooper as a long term hold to see what they can uncover in the next few years.

Expand

Apologies - was the wrong video
(from about 7 minutes but worth watching entirely and from before 6 mins for both King Solomon and Python overview a month ago for the Proactive Presentation. )

*Ian clearly states that Coopers identified sulphides - at Python, and King Solomon of course .
But definitely sulphides are to surface at Python as well , as @Cookiecutter567 also replied to you.

Thankyou again and appreciate your insights for us -
Last edited by Aqua65: 03/03/22

CPM Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

3 Great analysis

Reply

Top Stories

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

NEU

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

PAR

Paradigm adds new oral combo IP to osteoarthritis drug stable with $500K pick-up

First 54 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $2.742M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.5¢	$8.606K	245.8K

Buyers (Bids)

No.	Vol.	Price($)
1	694444	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	10016	1

View Market Depth

No.	Vol.	Price($)
1	694444	0.036
2	268107	0.035
3	188235	0.034
3	220939	0.033
2	510000	0.032

Price($)	Vol.	No.
0.038	10016	1
0.039	12900	1
0.040	30000	1
0.042	50000	1
0.048	90000	1

Last trade - 11.40am 26/06/2025 (20 minute delay)

CPM (ASX) Chart

Ann: Ground geophysics identify robust conductors at Mt Isa East, page-54

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

Paradigm adds new oral combo IP to osteoarthritis drug stable with $500K pick-up

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Ground geophysics identify robust conductors at Mt Isa East, page-54

Top Stories

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

Neuren jumps over +11% on patent win for Pitt Hopkins drug treatment

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

Paradigm adds new oral combo IP to osteoarthritis drug stable with $500K pick-up

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News