Pretty much. Been a super long time waiting for permits!

First 3 Last

Share
Profile

Follow
conrad11

1,518 Posts.

498

19/03/25

10:45

Post #: 78324353
Share
Originally posted by JohnJ: ↑

Hey all,

Long suffering share holder here. I'm looking for a sanity/ logic check on my holdings.

We are waiting on two bulk mining permits for Wapiti and Fernie projects - expected before the start of the Canadian mining season.
This is before May.
The inclusion of Phosphates in the Canadian critical minerals strategy is considered to provide a tail wind to these applications.
The September report has around $7.1m in exploration and evaluation assets on the balance sheet.
Market cap is $1.75m
It is evident that the market has not priced-in successful permit applications and the news will be a predicator for a positive move.
If they don't get it, then this enterprise will have to wind up.
In the case of a re-rate, the realisation of the $7m (and change) assets should see a 4x increase in share price to book value (more if it goes beyond)
There will be limited processing of the phosphate (sold raw) with associated limits to value extraction through the supply chain.

Is anyone else out there thinking differently?

Expand

Pretty much.
Been a super long time waiting for permits!
CP8 Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | June 16, 2025

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 2.6¢		Change 0.001(4.00%)		Mkt cap ! $7.975M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.6¢	$222	8.529K

Buyers (Bids)

No.	Vol.	Price($)
3	151739	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	58528	1

View Market Depth

No.	Vol.	Price($)
3	151739	0.026
1	16259	0.025
1	100000	0.023
1	45454	0.022
1	100000	0.019

Price($)	Vol.	No.
0.034	58528	1
0.035	33741	1
0.037	1000000	1
0.045	739954	3
0.050	100000	1

Last trade - 10.02am 17/06/2025 (20 minute delay)

CP8 (ASX) Chart

Pretty much. Been a super long time waiting for permits!

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | June 16, 2025

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Pretty much. Been a super long time waiting for permits!

Top Stories

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | June 16, 2025

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News