Hard to tell Lockinda, there was a couple of trades that looked like the same person/broker on both sides. Amazing how many times each day or over a period of days you see a repeat of random numbers.
find8, here are some Copper companies I have in a spreadsheet which are at a similar stage.
Please note that these numbers may need updating or are incorrect.
DML 194M share @ $0.40 = $77M 50mt @ 1.5%Cu. Est. cash cost - US$1.06lb. Open pit, most likely underground later. A large number of areas still to drill. Botswanna
CGG 1352M share @ $0.38 = $513M. 77mt @ 1.3%Cu Est. cash cost - US$0.94lb. Underground. Still expanding deposit. Also has Gold Prospect/Project Saudi Arabia
EXS 284M shares @ $0.25 = $71M. 51mt @ 0.84%Cu Est. cash cost - US$1.39lb Still areas open to drill. Plus 30 month Gold Project - Cash cost A$570oz Au. Australia
MGO 498M shares @ $0.20 = $99M. 315mt @ 0.48%Cu eq + 352mt @ 0.43%Cu eq Large resource, will require approx $1B to get into prodn. PNG
URL 672M shares @ $0.024 = $16M. 128mt @ 0.68%Cu Est. cash cost US$1.38lb Drilling to test extensions. Australia
TGS 354M shares @ $0.18 = $63M. 9.5mt @ 1.4%Cu + 5.3mt @ 1.36%Cu Est. cash cost US$0.34lb Plan to drill extension of mineralisation. DRC
You also need to take account of funding, likeihood of the deposit being mined and by-products......
I would be interested in your comments.
DML Price at posting:
38.3¢ Sentiment: LT Buy Disclosure: Held