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.
Take their recently released JORC resource of 125 K tonnes of...
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Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $6.352M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.3¢ | $70.45K | 5.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 350907 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 832000 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NRX (ASX) Chart |