CCZ 0.00% 0.6¢ castillo copper limited

wouldn't sell even at 10c, page-7

  1. 1,220 Posts.
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    I did a back of the envelope calculation of the values of metal in the ground Cangai, based on what has been publicly announced, discounted it by 50%, worked that back to the shares on issue and then discounted that by 50% and came up with $1.30. I ran it past a geologist friend of mine who reckoned my numbers were reasonable.

    So, My short term goal is 10c. Medium (1st q 2018) is 20c. Long term (end of 2018) is $1. I'm looking for 20x today price in a year. This takes no account of the other assets that they have on their books.

    I guess the real driver for this stock will be the contract miner getting started and the first ore shipment. Given that the infrastructure is all there, we can expect that this won't be a long drawn out process.

    We can only hope that I am something like right.

    I'm holding a parcel in m y name and will be buying another i my SMSF just as soon as the trading account is set up next week.
 
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5 1055000 0.5¢
 

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Price($) Vol. No.
0.6¢ 3984328 9
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