Here's something to ponder:
As per the PSL website, “the mining operations at Lloyds Mine and its surroundings have led to the creation of dumps holding 4,660 tonnes of copper metal within a total material volume of 370,000 tonnes.”
At the present copper price, this translates to an approximate value of nearly $55 million AUD. Even if the company were to sell them at half price, it would still represent a substantial value of $27.5 million AUD, which is almost two times its current market capitalization. It's essential to note that this pertains solely to the copper portion, not even considering the gold content.
Ref:
https://patersonresources.com.au/projects/burraga-project/
Ann: High Grade Gold intercepts next to Telfer continue, page-25
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $7.752M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.7¢ | $7.732K | 434.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 420000 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 254091 | 1 |
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| Last trade - 15.54pm 19/07/2024 (20 minute delay) ? |
| PSL (ASX) Chart |