I like tiny - tiny market cap companies with deposits that are as big as the sky ...
But take Coronation Minerals. (please) Their tidewater Copper deposit in the Coronation Gulf area is as rich as Croesus (3.5%?), as large as the Titanic (open pit and kilometres long), as easy to mine as a sandbox (comes to surface no overburden to speak of..), their market cap is as small as a thimble (ok, a very large person's thimble..), but bud bud.. their price is as weak as a kitten on cheap drugs stuck in a high, high tree...
So they do a very large, medium to low grade, isolated, difficult-to-make-money-on Pt deposit, -and- they rescue themselves..
whuffo dat?
'z dah mahket. dah mahket iz all....
The Wellgreen Property is located 317 kilometers north-west of Whitehorse, just 10 kilometers off the Alaska highway. Significant surface and underground work has been carried out on the property between the initial discovery in 1952 and limited mining in 1972 and 1973 by Hudson Bay Mining Company Limited. Three zzoonnees of Copper-Nickel-Platinum-Palladium-Cobalt-Gold-Silver have been outlined on the property. Probable and possible reserves are calculated to be 50.03 million tonnes grading 0.35% copper, 0.36% nickel, 0.54grams/tonne platinum and 0.34 grams/tonne palladium (Preliminary Feasibility Study, Watts, Griffis and McQuat Limited, April 21, 1989.) Caution should be used when evaluating these reserves as they were calculated prior to NI 43-101 existing. |
