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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0.2¢ |
Change
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Mkt cap ! $4.403M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $880 | 501.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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32 | 43660967 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 44662567 | 29 |
View Market Depth
No. | Vol. | Price($) |
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32 | 43660967 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.002 | 44662567 | 29 |
0.003 | 15046752 | 10 |
0.004 | 8090000 | 5 |
0.005 | 3500000 | 2 |
0.006 | 300000 | 1 |
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