I think it is around fair value, it is starting to look like this find may be commercially viable - more drilling and assay results will confirm that either way.
It probably more comes down to how much value people are putting on the rest of the tenements the company has. This is the first target of 57 the company will be looking to drill. Some I feel are giving no value to this, when it is probably the most prospective new copper area in the world and the chances of more discoveries moving forward I believe is reasonably high.
I see the potential here, which is why I see it as a buy, even though it may be fairly valued around this market cap.
Confirmation of tonnage and grade if good will see a rerate, as will further new exploration success.
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6.8¢ |
Change
0.005(7.94%) |
Mkt cap ! $25.03M |
Open | High | Low | Value | Volume |
6.8¢ | 6.8¢ | 6.8¢ | $4.379K | 64.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 60800 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.065 |
1 | 150000 | 0.064 |
1 | 169118 | 0.063 |
3 | 349809 | 0.060 |
1 | 49886 | 0.059 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 60800 | 2 |
0.069 | 20712 | 1 |
0.070 | 351114 | 3 |
0.071 | 59000 | 2 |
0.072 | 26257 | 2 |
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