CVY 0.00% 11.0¢ coventry resources limited

Valuation of $30/oz for a starting open pit operation with 1m oz...

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  1. 3,827 Posts.
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    Valuation of $30/oz for a starting open pit operation with 1m oz resource with enormous potential for resource increase doesn't make sense. Like the slide on first page with the mineralized drill cores - indicative of how rich some of the prospecting is.

    At $1700/oz this could easily be a $1.20 but instead is sitting at 20 cps. Why the huge undervaluation here?
 
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