OTCPK:CTNXF - Post by User
Post by
RatPatrolon Dec 16, 2019 6:11pm
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Post# 30461092
Theory Of Reality
Theory Of RealityCorrect me if I'm wrong.
What NM didn't say is that Cascabel's IRR is Highly sensitive to the price of copper. This is a very large copper porphyry deposit with gold and silver credits. Solgold's recent analysis used gold and silver prices which were/are in the money and a copper price which was out of the money by 10%. It is still out of the money by almost 20%.
Copper price may be a catalyst for change in ownership, because, other things being equal, the projected IRR of 24% will come into view as copper's price closes in on $3.30/lb.
The rising copper price towards that aforementioned target should send CGP's stock north of it's recent high (call it $8).