Post by
Buckfinder on Nov 20, 2020 11:45am
Is defiance profiting from rising copper prices?
Yes, for sure!
The tepal project in Mxico is a copper/gold play with an NPV of approx. 320 Mio. - remember the actual market cap is 160 Mio. !! And the more interesting project in acacio with an aggressive 10 Mio. exploration program under way is valued with ZERO.
That's why defiance is so much undervalued at these prices !!
glta
Comment by
Jeaux23 on Dec 09, 2020 10:36am
Just double checking that you are aware these guys actually don't mine the metals they are only proecpeters? I may be wrong here but that's what I've read up on them, so are you accurate in saying that their market value should be relative to how much value you can extract from the prescious metals they find?
Comment by
Buckfinder on Dec 09, 2020 2:11pm
Click on the link to the video. They own the permitted copper - gold mine in tepal so why not profiting from rising prices independent of their decision to explore it self or just sell it... the value is in the ground :-) glta