COY 7.69% 1.4¢ coppermoly limited

I think the 20m is not given to COY but to spend on...

  1. 808 Posts.
    I think the 20m is not given to COY but to spend on exploring/drilling and the trade-off is 75% interest of the project, so it can't just calculate by 20/120 = 16.7c.

    Having said that, with a big brother backing up, I can see the company is moving forward. And I don't think the big guy throwing in money based on nothing.

    Holding options only, DYOR.
 
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