Copper mining is all about scale. I've been watching carnaby for a while now, but have not bought any shares yet. I really like the copper grade, it's excellent. However the narrow widths are what's stopping me from dipping a toe at this stage. I'm estimating about 500kt of contained copper at this stage without an indicated MRE. That would put copper IGV at about 4 billion dollars. Without an MRE fair value would be about 5% of IGV. That would be about 200 million currently, so it's trading at about fair value for a guestimate resource of about 500kt copper. HCH has an indicated 3.8 million tonnes of copper.
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Last
81.0¢ |
Change
-0.010(1.22%) |
Mkt cap ! $122.6M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.0¢ | 79.0¢ | $53.06K | 65.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 2232 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| HCH (ASX) Chart |