Capstone mining and defiance sharply higher... ... in the last weeks or so and have shown tremendous relative strength against the sector...
COINCIDENCE?
I think No - there mining fields are side by side ... altough an silver rich region capstone found a lot of copper and are continuously upgrading the copper resources - copper now at 3.10 and the copper stocks at the LME have hit a new 5y low.
Tepal is a gold/copper play and the price of copper plays an important role in increasing the NPV further above 400m !!! Compare NPV to the actual market cap ... ???? !!!! Yes Crazy ....
so all lights are green! Defiance must be over 1 cdn right now to be priced near anything of being logic...
Takeover from capstone our neighbour? Why not....makes sense too
glta