CPO 0.00% 3.1¢ culpeo minerals limited

Week of FOMO-CPO, page-122

  1. 2,175 Posts.
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    Culpeo have had some unbelievable Cu intercepts todate since early 2022;
    Still relatively small register at some 164.3m SOI plus options (mostly with higher exe prices) after the recent capital raise (current Mcap is $8.8m only per today's sp against the backdrop of having had Cu intercepts of some 100m-250m at 0.6% to 1% Cu grade?!);
    Have enough cash for now (circa $4.5m available after the recent $1.7m raise plus $2.725m loan facility if needed from Dec 2023 qtrly) for at least a couple of quarters by the looks (the management has been tight most of time if looking at past qtrly admin/staff spendings);
    SP has been volatile though (notice there were some 38m shares issued @3.2c in Sept 2023's raise);
    In for anticipation of more possible near-term drill results at both Lana Corina Project and Fortuna Project. Aimho, glta!

 
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