Can't help but think there is a bit of hope progressing in the background besides the companies current valid exploration potential. Several weeks ago, a line caught my interest on Money of Mine (2nd April) but no mention by current investors so far:
Besides Cudeco going into administration reportedly for very poor management overall, Copper Resources Australia must have seen an opportunity to progress this project (unfortunately they went into administration but as they are privately listed, cause of failure is unknown). Can't help but think there is the possibility of a dual mine project or consolidation of projects in the area??? At the end of the day, I still think there is potential with current market cap size, restructured board & the top 20 owning over 80%. I am sure they will complete their due diligence to assess if this a viable "bolt on" project. Keeping an eye of the progress with interest - it is always nice to see Australian industry succeeding (as a country, we need it). .
TNC Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
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