Undervalued Potential?, page-14

Right on with the above re dilution, the consolation was inevitable and you don't lose money as the prices goes up 20x so it will depend if it is supported post consolidation. Maybe it would be a rights issue at a lower price to allow shareholders a chance to average down and get the ball rolling again..a hypothetical scenario below.

At .005/20 = 10c
117M shares post consolidation
1:2 Rights Issue at let's say 7c to raise $4mn
175M shares on issue at 10c = $17.5m MCap. $4mn in the bank
Cornerstone investor in Investmet run by Michael Fotios

Michael Fotios and Jason Peterson supported this when it first got relisted a while back, MF is a sharp guy when it comes to value in mining assets. So you can say it's a bit rich to have that sort of MCap but there are a heap of companies valued at a lot more and still very early stage on their first drilling campaign. Whilst they waste another $20-30m drilling up a resource over the next 12-18 months, RCP can potentially double their resource and look towards a getting this into production and making the most of the current boom in copper and potentially cobalt as well.

Couldn't tell you if it is economical but reality is there is Around $850m worth of copper in the ground with potential to increase significantly with further drilling. If you add some cobalt credits in there this would again make this even more visible, the fact it's also up the top close to ports helps the situation also.

I only started looking around here when CCZ have done significantly well regarding the old Cangai mine, that's not to say this will turn out the same but with a resource already drilled up this may be an undervalued asset as I originally stated.