Take their recently released JORC resource of 125 K tonnes of copper and latest copper price of $10,000 /tonne - I get 1.25 billion dollars of copper in ground.
Being modest and taking 4% as present day valuation I get an estimate of $50 million. Compare with current cap of $19 million.
Maybe that does not mean much, but the exploration upside is enormous, and that's what we hold for.
IMO, of course. DYOR.
Most undervalued asx copper resource, page-65
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
