Just my two bobs worth.
ATM, Cyprium is valued by the market as an
EXPLORER - which is nuts !!!
Consider the following:
- $500 m in sunk capital costs at Nifty - all ready to go.
- ONE MILLION tons of contained copper at Nifty
- HALF A MILLION tons of contained copper at Maroochy (with considerable COBALT endowment) as well as potential for a proven resource of ONE
MILLION tons of copper there after more drilling.
- A polymetallic discovery at NANADIE WELLS - copper, silver, gold
- A recent discovery at HEELER where we've got hits of 7% copper in bands of 5 metres in one hole, PLUS gold and cobalt
The Heeler discover alone, if that was all we had, would value us at $50m in a 'normal' market.
When have you seen hits of 7% copper in significant bands in recent times ??? BTW, the average worldwide grade is now sinking below 1% or less.
Any junior miner with just this asset would go through the roof.
This is not upramping in any way. It is just pointing out that this company is woefully undervalued.
Cheers
