Wow, all quiet on the western front? And no talk about buying cordial and dilution for a change???
Let us see how this goes... (Another attempt on building that house of cards.)
According to page 23 of the latest announcement, currently the resource stands at 17,723,000 tonnes at 1% copper and 8,224,300 tonnes with 4.8% zinc, 1.8% lead and 0.4% copper.
Assuming we have around a 75% recovery (SPM suggested 85%), then that is:
That's not bad for a company currently sitting with a market cap between $12.5 million to $15 million.
Of course, this doesn't mean too much until costs or timeframes can be applied and associated, but for those that hold, it does show you the potential of what this forthcoming acquisition might bring, if approved. I should also note, it does not include any gold and silver credits nor does it include any of the unexplored lands, which could provide additional resources at absolutely no costs to CSD, thanks to the drilling MoU if signed.
Btw, in terms of costs, cash costs were about $2.10 per pound of copper, approximately $4630 per tonne, giving about a 40% margin.
Hmmm, food for thought.
Naturally, I will be told that it is ridiculous to value these resources on today's values because we can't know for sure what the future will bring, or something like that. Anyway, I'm just trying to 'man up' and put it out there for discussion.
;-)
Let's see what type of response it brings. (Perhaps the 1 million shares at 5 cents has caused a certain someone to look elsewhere. One can only hope.)
CSD Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held