RE:Market capitalization comparisonHi,
I dont think you can compare it the way you did.
the 1.4 billion in 2014 was based on 100% ownership of a mine that was to be printing money at 2.52$ per ton of CU. If you dont belive me check the tape from back briefs in 2018. If you minus the 800 mil from that you get about 500 milion, with 155 million shares it comes up to about 3.50$ per stock.
I know they got some good news today. However, for this company to be worth 8.70$ it needs to produce high grade CU and sell it at a profit! So FAR the III has not made a penny in profit in years. It had a loss after loss after loss.
Yes there is AU and CU in the ground, but to make money you need to take it out and sell it. III couldnt mine a cheescake factory for cake.
Here comes the however, - so however, if their results come in positive, combined with the current announcment of high level intersection - you will see the price go up. Additioanlly we are looking at the final block cave report in six months. So that will help - counter to that - the Block Cave will cost billions - and III is on the hook for 30% of that, so how willt hey pay for it....
The point i am trying to make is - dont drive the price up by comparing apples to grapes.