I though I would do a MNQ vs CYY potential profits just to see if your were right.
MNQ has 12mt @ 1.56% that's 180000 ton x 5200/ton (copper price) -3200/ton (cash cost) = 378mill
CYY has 550mill as I explained in the cyy thread
So actually it seems that if you just consider market cap as you did MNQ is somewhat undervalued compared to as cyy as it is undervalued compared to TLM as TLM seems undervalued compared to SFR, but actually they aren't really, they are just different projects.
If MNQ and CYY both had a race for cyy to make there 550million it would take 6 years at a standard 100k ton plant, MNQ it would take them 12years at the same plant to make their 378million, so you can't really compare the 2, the different factors going into each operation are too different.
I think both are undervalued and good long term investments, while it's true mnq is in a slightly more advanced stage right now they will require a much high copper price to get funding for a plant, so they will be stuck waiting could be years until that happens, once cyy gets all it's ducks in order it will be off and running straight away.
