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6.00%

9.4¢ carpentaria resources ltd

40 c within the month if we get support towards the bfs.

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insaf

10,440 Posts.

1044

13/05/21

11:11

Post #: 53145596
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Originally posted by That Fundamental Guy: ↑

I'm going to put it out there that I think that 40 cents is a realistic target for the short term (next couple of months).

For a company comparison, MGT currently has a market cap of around $200M (give or take depending on the share price).

Personally, when comparing to MGT I believe that CAP has a better project that is more advanced and will get into production sooner.

Post JV reset and issue of shares to Pure Metals, CAP will have less than 500M shares on issue, but for easy math, call it 500M shares.

40 cents per share with 500M shares on issue is a market cap of $200M, similar to that on MGT.

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40 c within the month if we get support towards the bfs.

CAP Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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