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Could be massive tomorrow if first quantum announce
They have discovered a major copper deposit and they purchased one of Colin’s licenses of him for 400 million
In 2010 with what looks like lower grades of copper than what they have now discovered but still became the 14 largest copper mine in the world can you image if AFR was to sell for 400 million at now only a 5 million market cap .
With news like that and it moves a measly 5% just goes to show how we are treated differently from a lot of other stocks
It quite sad really if we do get that 80 million do you think the market makers would stretch it to 10 % ????
So I get 1.85 billion of in ground copper value
5 million tones of ore with 1.75 % copper priced at £6500 per ton
And open pit ,
Is that correct , we are valued at just 17 million at present no wonder Colin is pulling his hair out with GLR ,silly valuation