Los Calatos has a total mineral resource of 1.34 bn tonnes at a grade of 0.57% copper, equivalent to 7.7 mln tonnes of CuEq metal at recoveries of 87% for Cu and 68% for Molybdenum.
On a revised resource basis, Canaccord estmates Metminco shares are trading at 0.8cts/lb copper 2.9cts/lb for its peer group.
At peer average valuations, the revised resource base implies a share price of 15p, some 3.8 times the current price. Canaccord's risked, net asset value derived target price is 34p. (see http://www.proactiveinvestors.com.au/companies/news/38794/improved-cash-position-gives-metminco-more-time-to-assess-los-calatos-options-says-canaccord--38794.html)
Compare it to ICG and HCH, a couple of recent darlings who don't have what MNC has and see what we are worth.
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Last
0.9¢ |
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Mkt cap ! $8.683M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $1.85K | 205.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 771452 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 7616866 | 12 |
View Market Depth
No. | Vol. | Price($) |
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1 | 771452 | 0.009 |
7 | 2582155 | 0.008 |
13 | 3749061 | 0.007 |
7 | 3615008 | 0.006 |
5 | 4340000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 7616866 | 12 |
0.011 | 849999 | 2 |
0.012 | 3682842 | 4 |
0.014 | 592093 | 2 |
0.015 | 65316 | 3 |
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