STTCOMP SUH FA LONG
MC: ~$9m
SOI: 244m
Cash: ~2m
No Debt
No Options
In my opinion the Company is significantly undervalued and market has largely ignored this Company. They are about to start/restart drilling on their Copper Gold and Gold projects
Their Lluahuin Copper Gold Project where they have already spent ~$18m US on previous exploration and have announced they will drill for high grade at surface targets in elephant country in Chile!
It'll probably be one of those companies where if they release a few holes it'll jump close to 100% in a day or two due to the low shares on issue and base it is on right now.
Key things for me is:
1) They already have a decent JORC for their Llahuin Copper Gold Project AND
2) They are about to sink some holes for their Colina2 Gold Project AND
3) They have another Manganese Project that is an asset that they are looking to JV/ sell AND
4) Don't forget they have around $2m AU cash with a market cap around $8.5m AU, EV at around $6.5m AU
5) Very good broker data for a sub $10m market cap company
Very cheap!
Broker Data since March shows good institutes buying for a sub $10m Company
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AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
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