Valuation possibilities28 Dec 2020 11:36
Hi again ReboundLess.
For some time and without much success, I’ve been trying to get my head around the upside valuation possibilities for CHF in the event of a decent discovery. In September you wrote:
‘The value prospect is the same now as it was last week. £6MM is 1/10th what the market cap will be if they find a 1Mt resource @ 2% Cu, and they expect larger, higher grade finds.’
Keeping this in the realms of reality if a 1Mt resource @ 2%CU gave CHF a market cap of £60 million, what would an exceptional (and highly unlikely I expect) Mavrovouni size discovery be worth; 16.5 Mt @ 4%Cu ? Could you confirm or otherwise the rather eye watering numbers that I am coming up with based on yours?
Many thanks.