Comment by Goodtoreadthis1on Mar 14, 2024 4:49pm
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Post# 35933591
RE:(TSXV:CNX) Unlocking High-Grade Copper Potential
RE:(TSXV:CNX) Unlocking High-Grade Copper PotentialCNX is one of the most efficient explorers in the mining industry. As Max Porterfield recently pointed out inan interview, CNX has 1/10th the exploration cost of other firms. Each of their major finds are near highways that lead directly to the property. The drill teams can be housed near the property, in the case of copper CNX owns two houses near Raibow that are used to house the drill teams. On top of all that we have a miniscue float of shares- just 22 mill shares outstanding.. CNX has a market cap of just $27 mil Canadian. CNX's Point Leamington zinc find alone at todays' zinc price is valued at 788 mill US.
We also have the Bathurst property and the Rainbow property, so CNX is woefully undervalued. It's just a matter of time before analysts wake up to the values staring them in the face for CNX. Ivanhoe -another cu miner- is going thru a share price surge so CNX should be next.