I completely agree with you. Assuming that they've photographed some of the better mineralisation to release to market it looks skinny wrt grade. Alteration does not make a mine.
I was simply providing my opinion that the company's current market cap suggests the presence a ca. 50 metre interval at better than 2% Cu (plus Au). I'm with you, I don't think it is there based on the photographs. At a 50 metre thickness the potential tonnage isn't huge, based on the footprint of the gravity anomaly. People can run the economics on this for themselves.
I think the time to be talking/thinking economic grades is before an exploration hole is even drilled. i.e. what's going to make money given the depth and shape of the mineralisation? What does real success look like?... as opposed to "technical success" which doesn't provide long term holders with any value.
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COD
coda minerals ltd
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7.7¢

I completely agree with you. Assuming that they've photographed...
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Last
7.7¢ |
Change
-0.003(3.75%) |
Mkt cap ! $19.21M |
Open | High | Low | Value | Volume |
7.9¢ | 7.9¢ | 7.7¢ | $8.433K | 107.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30873 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 101 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30873 | 0.077 |
1 | 6667 | 0.075 |
2 | 150000 | 0.074 |
1 | 41100 | 0.073 |
1 | 20000 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 101 | 1 |
0.080 | 67742 | 1 |
0.084 | 200000 | 1 |
0.087 | 11111 | 1 |
0.088 | 1574 | 1 |
Last trade - 15.34pm 20/06/2025 (20 minute delay) ? |
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COD (ASX) Chart |