That's alright and have been bullish on Gold and Copper for a long time. Been a holder of EVN and decided to get involved with this. My valuation of the resources in the ground at MT Cannindah is around $900m. $700m for the Copper resources they currently know of. A 10% rise in Copper/Silver/Gold therefore increases the company value by $90m. Market currently values the company at $150m (roughly) so with increasing gold/copper/silver prices the valuation can move quite quickly. This is why Morning Star valued them 2 weeks ago at 54 cents but now has increased to 77c. I am not saying we will get to 77 cents but we should have seen a bigger move by now than we have with the price in the last 2 weeks.
That's alright and have been bullish on Gold and Copper for a...
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4.6¢ |
Change
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Mkt cap ! $26.59M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6607 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 8000 | 1 |
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