I believe that this little company is overvalued relative to...

I believe that this little company is overvalued relative to other copper plays on the asx (wont mention for fear of cross promotion).

Here we have a company with some great drill results saying they will look into direct shipping ore, but have yet to identify associated costs and practicality of doing so or how much ore may actually be suitable for such an activity.

Apart from that they have about 24,500 tonnes of Cu and a deal on iron ore that could come to fruition over a number of years if the iron ore reserve hurdles are met.

All dreams at this stage, expect this to dump soon as the fundamentals are not there to keep the momentum going. Good luck investors.