Not the market Lucky, mostly up today for a change. Maybe someone was expecting more.
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4c junior valued at 11c-per-share ahead of imminent Feasibility Study
More growth in its copper inventory expected at new satellite discovery
This company has been one of the most active junior explorers this year, delivering a host of impressive copper intersections from its North Queensland copper project.And with an emerging satellite discovery continuing to show great promise, it should be able to add further to its JORC resource inventory of 83,000 tonnes of copper and boost its mine life to 4-5 years.Plus, it is on the cusp of delivering a Feasibility Study on an initial open pit operation which should provide it with a clear pathway to production next year.All of this has prompted a leading Australian resource analyst to upgrade his valuation for the company to 11c-a-share, a premium of more than 160 per cent to the current share price of just 4c.And, the analyst believes there is further upside in the share price as the project is progressively de-risked and the mine life extended.
Column 1To see which copper junior has been tipped to more than double in value as it delivers its feasibility study and grows its copper inventory,CLICK HERE.