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.
I would like to buy some CNJ shares but then I found a company...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.403M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $880 | 501.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 43660967 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 44662567 | 29 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CNJ (ASX) Chart |