I view this as a very good comparison regarding disconnect between our market cap and comparable copper plays with established resources aka CNB as you have pointed out. Both companies will be publishing a scoping study very soon so will be interesting to see the economics for both. We have very good infrastructure already in place as well. I’ve always maintained this company is a nice buyout play for anyone in the area looking to expand. Nice bolt on acquisition.
Now that the cap raise is out of the way and I suspect the flippers have been flushed out (placement holders who merely flipped the stock so they could retain the options), this is a coiled spring waiting to release. With copper price finally doing what everyone expected it to do, this has a good 2-3x upside in my opinion to become comparable market cap with CNB which I think it should be. I have averaged down over the past 6-12 months and have a cost base of 6.4 cents. I still can’t believe people were willing to sell this in the low 5 cent range with the impending copper shortage. Cheers, CP
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Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $19.25M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.9¢ | $2.188K | 44.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4923 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 143630 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4923 | 0.049 |
4 | 346511 | 0.048 |
2 | 23000 | 0.046 |
1 | 4000 | 0.045 |
1 | 23278 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 143630 | 2 |
0.058 | 17 | 1 |
0.060 | 106868 | 2 |
0.061 | 34500 | 1 |
0.062 | 91040 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
EM2 (ASX) Chart |
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