Old thread I know, but I'm interested what you base your 10% conversion factor to market cap on? Experience? Theory? A bit of both?
If it's not too much to ask, would you be able to provide specifics behind the 10%?
Is this applicable to all ores, or copper only?
I'm asking because I'm interested in all things regarding valuation.
sp, page-23
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12.0¢ |
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Mkt cap ! $69.73M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $34.26K | 286.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31065 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 100366 | 1 |
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