Alta Copper Corp T.ATCU

Dirt cheap

[DeepdiveN]

The share price is still dirt cheap. $1 corresponds to $0.25 of the old Candente shares.
In 2011 the market capitalization was approximately USD 240 million, which currently would be equivalent to USD 2.63 or CAD 3.55.
The big difference is that today's price of copper is higher, the PEA is much more advanced and with Fortescue we have a strong partner on board. 
BTW, Joanne Freeze's statement at the time was: double or nothing... 

[swpb]

i think it had a high of 2.50usd in 2011. Now it is trading at .25. It needs to go up 10times (7.50) to reach the 2011 high.

[ForesstGump]

I would take 2.50 any time

[eartotheground]

$2.50 CDN is only $225 million and is only 1.5 cents per pound of copper and is way too low to even think about entertaining.  Now, if it's $2.50 USD converted to Canadian which would be about $3.40 or $306 million or 2 cents per pound of copper, then that would be a good place to START the negotiations. AND the negotiations would need to go higher or it will be rejected like Anglo is