A BUYOUT OF ALTA COPPER COULD BE $4.50-$8.00 SHARE!!A buyout of Alta Copper could be $4.50-$8.00 share!!
I don't think ATCU is getting ahead of itself, in fact, I think it is the opposite as Alta Copper needs to re-rate higher just to catch up to others!
ATCU will re-rate and increase to at least $3.30/share giving it a market cap of $300 million which is still CHEAP!!
A buyout of Alta Copper could be $4.50-$8.00 share!!
They have already established a resource of 16B of copper, what will happen when they drill and discover another 5-10 billion pounds, then what? The value goes up up up!!
Alta Copper will move up the curve quickly now that the PEA is released.
The PEA is the game changer this company needed and with Fortescue as a partner, you would have to think that they had input into the PEA, after all, they have stated clearly that the want to develop Canariaco.
Projects of large size with robust economics are going to be acquired!
Alta Copper will be acquired!!