No-brainer hypothetical mathLet's do some quick and dirty hypothetical math just for fun:
81,700,000 tonnes x 0.88% CuEq gives 719,000 tonnes CuEq
719,000 tonnes CuEq x 9,145/tonne (Cu cash 20-09-2021) gives about $6.575B USD of copper
We know these are Measured and Indicated resources.
We know that there are Inferred resources but in this example they are not included, and neither are the Baselode shares.
If the market gives, say a 5% value to the copper, then valuation should be around $328M (USD) or about $414M (CDN). Current market cap is about $27.5M (CDN). So currently the market is valuing QCCU at less than one half of one percent of the value of the in-situ copper.
Let's say the market partially wakes up and gives QCCU a valuation of 1% of the in-situ value of the CuEq - why that's a market cap of about $83M (CDN).
As with any investing decision: do your own due diligence before acting