CVY 0.00% 11.0¢ coventry resources limited

Fundamental problem with this stock is they need a whole new...

  1. 3,827 Posts.
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    Fundamental problem with this stock is they need a whole new infrastructure and plant etc etc to get this project producing. So far they have not been able to convince the market that the find is big enough in one location for the proposed open pit. Proving this up one way or another will take a long and expensive DFS. There's no cheap start.
    So $30m market cap could go down to $10m or less just as easily as it could double. Other than bonanza finds (eluded them so far) or a completed DFS, it's hard to see catalyst for major sp appreciation.
 
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Currently unlisted public company.

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