I would like to buy some CNJ shares but then I found a company that has a 784.9MT resource containing .049% cobalt which equates to 384.6kT of contained Cobalt, almost 10x bigger than MT deposit. The company has $24M at the end of June quarter and has a MC of $60M. I'm new to mining stocks and therefore, if anyone could enlighten me on why CNJ is valued at over 8M for owning 50% of MT? Is CNJ overvalued or the other company that I was looking at is well undervalued? Note that the company that I was looking at has a high grade zinc project where PFS showing very robust economics.
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Open | High | Low | Value | Volume |
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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