CUX is a company with a market cap of less than $7million. It is amazing for a company with such a low market cap to even have signs of a pulse.
I'm not picking on you Ausheds I'm actually agreeing with you, the patient has got a pulse and that is bloody amazing considering the market cap. I wonder how many companies with such a low market cap have such a large identified resource?
What is more the management seem to be consistently ticking the boxes to get into production. They have identified and proved a method of extraction with cheap capital costs that can work. Now we are waiting for is to see if the variable costs will be economic and we find out before the end of the year. If history is any guide that box should be ticked off too.
I'm enjoying the ride but IMHO the share price does not reflect anwhere near the true value.
Cheers,
Stoops
CUX Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held