Is this the next Sandfire?

Reading through a few previous announcements on Fyre Lake and Marg, both are located on the Yukon Territory of Canada and now acquired by MNQ - I noticed the following important point



That's 700,000 tonnes of contained copper at 3% CuEq! !!  There certainly aren't many advanced copper projects with a Copper Equivalent of this calibre.

If we compare this to the quality of Sandfire's flagship DeGrussa copper-gold mine:

From SFR's latest presentation:



That's a total of 544,000 tonnes of contained copper @ approx 5% CuEq.  

DeGrussa certainly has a higher Copper Equivalent, but they have less contained copper than MNQ's Fyre Lake / Marg.

And of course, DeGrussa is already in production whereas MNQ are at least 3 years from production.

Yet Sandfire has a $676 million market cap, while MNQ is trading at only $3 million!!!

Pretty obvious MNQ is severely undervalued and a re-rate is imminent.

Especially when MNQ has a non-exec director thats also director of Patto's

I foresee happy times ahead

above IMO only