CNX - High grade copper junior @ big discount to $5.50 financing
- $42 mkt cap, 13M float. #copper
- They've been hitting high grade copper intercepts: 7.55m of 5.01% Copper Eq in 257m Vertical Step-out in most recent assays
- Closed $8.9M oversubscribed financing on Feb 25 significantly above current sp at $5.52.
- Most recent insider options were granted at $5
- The float is super tight at 13.14M shares and it could make a big move very quick, especially with copper prices hitting record highs.
- They've been hitting high grade copper intercepts: 7.55m of 5.01% Copper Eq in 257m Vertical Step-out in most recent assays
- Closed $8.9M oversubscribed financing on Feb 25 significantly above current sp at $5.52.
- Most recent insider options were granted at $5
- The float is super tight at 13.14M shares and it could make a big move very quick, especially with copper prices hitting record highs.