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inversesquare

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19/03/25

18:28

Post #: 78333853
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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?

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Market cap is ~$11M
CP8 Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

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(20min delay)
Last 3.1¢		Change 0.006(24.0%)		Mkt cap ! $9.509M

Open	High	Low	Value	Volume
2.6¢	3.2¢	2.5¢	$3.03K	112.2K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	49992	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.028
1	6264	0.025
1	100000	0.023
1	45454	0.022
1	100000	0.019

Price($)	Vol.	No.
0.032	49992	1
0.035	43736	1
0.040	100000	1
0.045	739954	3
0.062	68	1

Last trade - 15.09pm 17/06/2025 (20 minute delay)

CP8 (ASX) Chart

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