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.
Los Calatos has a total mineral resource of 1.34 bn tonnes at a...
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