CSE 0.00% 3.6¢ copper strike limited

fat prophets

  1. 1,668 Posts.
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    they reiterate their support for this stock - the update is at the copper strike website. the summary is that CSE is bizaro-cheap : market cap of $22 million, half of which is cash. this was on the 20th Feb.

    If you have been holding for a while, I suggest selling now would be about the stupidest thing you could do, with a slew of results to come and the BFS itself based on these results in a couple of months time.

    the most interseting thing is because they have 5 resources to incorporate into the BFS, they can select the cheapest one to bring online first to provide cashflow for bringing up the next ones - something shallow and open-pit, even if the tonnage isnt fantastic.

    Personally Im sitiing on a big papoer loss, my average price being much higher than at present. If I had the spare cash I would be averaging down like mad in the sub-30s.
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Mkt cap ! $3.846M
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3.6¢ 3.6¢ 3.6¢ $2.34K 65K

Buyers (Bids)

No. Vol. Price($)
1 20000 3.6¢

Sellers (Offers)

Price($) Vol. No.
4.1¢ 15000 1
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