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.
NRX Price at posting:
12.8¢ Sentiment: Buy Disclosure: Held
