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24/03/11
15:13
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I think Matchbox 20 hit the nail on the head here.
This is a company with a small market cap that has just acquired a nice solid Copper project WITH A PLANT!!
That's the key here...a plant would normally cost in excess of $50million...and to build a plant will increase time to production by years.
In addition to this cheap acquisition the tailings are worth $100million so could be very, very profitable.
All this and the company's current market cap is around $16mill.
Like twinturbo said...low risk, big reward here.
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