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
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Mkt cap ! $1.805M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $417 | 416.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 76099590 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 32200239 | 11 |
View Market Depth
| Last trade - 12.34pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.1¢ | 0.1¢ | 0.1¢ | 55555 | ||
| Last updated 10.48am 03/05/2024 ? | |||||
| CNJ (ASX) Chart |