Bullboard - Stock Discussion Forum Alta Copper Corp T.ATCU

Alternate Symbol(s): ATCUF

Metals & Mining Copper

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises... see more

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TSX:ATCU - Post Discussion

Alta Copper Corp > Dirt cheap

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Post by DeepdiveN on May 21, 2024 12:51pm

Dirt cheap

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...

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Comment by swpb on May 22, 2024 1:27am

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.

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Comment by ForesstGump on May 22, 2024 6:39pm

I would take 2.50 any time

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Comment by eartotheground on May 22, 2024 6:54pm

$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 ...more

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Alta Copper Corp