- Joined
- 18 February 2006
- Posts
- 4,200
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- 2
stoxclimber said:Probably because its the intraday high - there was a similar quantity being sold at .91 yesterday (yesterdays intraday high if i recall correctly)
YOUNG_TRADER said:We haven't even seen a proper froth on this stock yet
ALFguy said:?? froth ??
Would that be when buyers and sellers pour in at the same time?
YOUNG_TRADER said:Undervalued? You better believe it!
I like this stock (I didn't hesitate to buy) for 4 reasons
1. The in ground value of the resource is some $7 Billion Dollars vs mkt cap of $40m
2. The resource is Copper Zinc Gold Lead and Silver so very diversified deposit
10.1Mt@ 1.8%Cu + 4%Pb + 10.2%Zn + 0.55g/t Au + 85g/t Ag
3. The company was floated and backed by Barry Dawes of Martin Place Securities (other companies hes helped include CDU SMM UXA CMR)
4. Refer to pints 1-3(At current levels very attractive Takeover target for the likes of PEM/KZL/ZFX/CBH/JML)
YOUNG_TRADER said:That was this time last week just after I jumped on at 50c,
Well we're now 1 week later and 100% up, but Mkt Cap is still $85m vs $7Billion Resource!
An article in the Fin Review soon would be nice
CanOz said:This has more gaps than i've ever seen on a daily chart. It seems allot of buyers in really fast...i think i'd like to see a pullback before i commit.
Whats the estimate on the Zinc component of the resource in $...?
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