CPM cooper metals limited

Ann: RC drilling program expanded at Mt Isa East Cu-Au Project, page-9

  1. 2,872 Posts.
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    Good strong finish there with some desperate and meaningful buys before the auction started. Great finish to the day.

    Got to say, if this is another CNB it is starting a little different. From experience, a lot of CNB's days were spent with little excitement until a relatively low but interesting copper hit, then the motherload and the 5x increase in share price. I'll take a few multiples here quite happily.

    I do agree on the district level opportunities here. I'd be surprised to see a big minor attempt to gobble up the prospectors in the area as you'd need to orchestrate a takeover bid of multiple hot-potential companies in a single move, with massive risk that some of those chickens run off and reject the offer, bringing more unwanted attention to the area. Nightmare for any acquirers, dream come true for us mugs

    Let's not forget, this is the King Solomon prospect.... the recent (nearly complete) acquisition of Mount Hope is yet to have any attention turned towards it. So much opportunity with a market cap that I think is probably about $10m/50% off fair value for the potential. Good results will precipitate potential into reality
    Last edited by HeliosUK: 24/08/22
 
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