1,176,000t of copper sold for upwards of $405m is $344.4 per tonne.
Nifty has proven ~1,000,000t tonnes. Maroochydore has proven 486,000t tonnes. Nanadie Well + Hollandaire has proven 203,006t tonnes.
In total - this is 1,689,006 tonnes. Which, if valued by the same metrics, should be worth upwards of $581,694,000.
This is with zero exploration upside at those two largely unexplored sites. And these unexplored sites are anywhere from 600m to over a kilometre long. If all three turned into million tonne deposits, we're looking at a $1.033b exploration value alone.
Now when you add the existing site infrastructure into the mix (valued between $300m to $400m), as well as the proven Gold, Silver and Cobalt - there's an easy case to be made that the market cap should reflect approximately $1.5 billion dollars with a little bit of further exploration.
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $56.46M |
Open | High | Low | Value | Volume |
3.6¢ | 3.9¢ | 3.6¢ | $51.12K | 1.375M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 635818 | 3.7¢ |
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Price($) | Vol. | No. |
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3.8¢ | 165316 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 27000 | 0.037 |
5 | 919032 | 0.036 |
4 | 862500 | 0.035 |
6 | 1354382 | 0.034 |
4 | 1705000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 165316 | 2 |
0.039 | 872229 | 2 |
0.040 | 400000 | 1 |
0.041 | 104788 | 1 |
0.042 | 1150000 | 2 |
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