Speculation aside, there are some pretty substantial things to like here which make a re-rate as a result of people just getting eyes on this and wanting to speculate moving forward on the upcoming assays more likely. There's a lot of news flow coming this year.
- Board has really good experience including one member who worked for Ivanhoe mines, several members who have history navigating Chile and some good experience in other projects.
- Decent location, I'm not personally super excited about Chile myself, but it's not a bad jurisdiction by any means and would likely benefit from coming metal bifurcation since it's in the western sphere. Geologically it's a great jurisdiction as we all know.
- Multiple interesting projects with exploration actually occurring
- Small MC to provide great potential
- Management owns 15% (as of last presentation)
This actually provides a nice base from which to speculate on exploration, especially when there are so few tiny copper focused companies who tick many boxes. I have a big list of nearly all the copper companies on the ASX and while I have not gone through it fully just yet, most of the ones I research that tick boxes like this are already sitting at 20m MC with the market pricing things in.
If you're approaching this from a perspective of macro first, then picking your stocks (Like I am) then you end up finding pretty limited options. Not to say this is the only one, but it's not like lithium where there's a billion options to pick from. If anyone disagrees and can think of something else this small that compares, tag me over there please!
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