TSXV:ODX.H - Post by User
Post by
Dave4444on Mar 07, 2006 4:28pm
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Post# 10479236
Considering the value of other copper
Considering the value of other coppercompanies that have large open pit deposits, ODX's market cap at this time is unbelievably low. Given the market cap's of others, if ODX can define a reasonable size resource of say 100 million tons, which at an average depth of say 65 meters would require an area of about 800 * 800 meters, that would result in $3 billion worth of copper in the ground, the market cap at 1% of the value of the copper would be $30 million dollars or about 5 times today's share price. If they could mine it themselves and even make just $5 a ton profit, of course the upside would be huge, much more than 5 times todays price.
Course there are huge variables to consider and this is JMHO, but obviously the upside makes the shares worth holding.