CANDENTE COPPER – VALUE UPGRADED TO $2.03/SHARE MINIMUM
CANDENTE COPPER - CANARIACO NORTE PLUS CANARIACO SUR MINERAL RESOURCE
Previously analysis of Candente Copper Dec23/21:
https://stockhouse.com/companies/bullboard/t.dnt/candente-copper-corp?postid=34259157
Additional Analysis as of January 28, 2022
Today Candente Copper announced that they have completed an initial Inferred Mineral Resource based on 15 drill holes on the eastern portion of a large geochemical anomaly (Canariaco Sur) which extends several hundred meters to the west and southwest. This deposit contains higher levels of gold and molybdenum than Canariaco Norte, minimal arsenic levels and mineralization that starts at surface.
News Release Jan28/22:
https://candentecopper.com/news-releases/news-releases/2022/candente-copper-announces-initial-inferred-resource-for-canariaco-sur-copper-gold-porphyry-updates-canariaco-norte-resource-peru/
Canariaco Sur Analysis:
Copper Analysis
Cu Tons 1,000,000 (2.2 Billion Pounds)
Cu $ per Ton $9000 ($4.00/lb)
Recoveries 88%
Cu Est. Value $7,900,000,000
Gold Analysis
Au Oz 1,200,000
Au $ per Oz $1700
Recoveries 65%
Au Est. Value $1,300,000,000
Silver Annual Analysis
Ag Oz 15,000,000
Ag $ per Oz $22
Recoveries 57%
Ag Est. Value $188,000,000
Est. Mine Life: 22 years
Total Implied Value of Sur: $9,500,000,000 (USD) (more to discover...)
The additional resources from Sur increased the implied mine life value of Candente Copper from $25,263,000,000 to $34,800,000,000 (USD).
This represents an approximate 37% overall increase to the value of Candente Copper.
Copper values Increased: 33%
Gold values Increased: 90%
Silver values Increased: 42%
*Molybdenum calculations added an additional $120,000,000 to the implied mine life value of Candente Copper.
SUMMARY:
Candente Copper had a previous implied fair value of $1.47/share when compared to Josemaria.
Candente Copper has now Surpassed the mine life value of Josemaria.
Canariaco Sur resources increase the value of Candente Copper by 37%.
Candente Copper has a revised implied fair value of $2.03/share
Current Share Price: $0.20/share (only $55M MCAP)
Minimum Implied Target Price: $2.03/share
Minimum Implied MCAP: $570,000,000 (does not include expanding the Sur resource or Verde)
Minimum Upside: $1.83/share (10 x current share price)
CANDENTE COPPER ALSO HAS MAJOR UPSIDE POTENTIAL THAT COULD GREATLY INCREASE ITS IMPLIED VALUE:
-DNT has increased their copper resources by 1,000,000 Tons! And will continue to grow.
-DNT will use the Norte facilities to process the Sur resources thus the economics of the project are excellent and will only improve.
-Canariaco Sur only has 15 wide spaced holes completed and is still open for an even greater discovery.
-Molybdenum at Sur adds an additional $120,000,000 to the implied mine life value of Candente Copper.
- Quebrada Verde porphyry target 1.5km southwest of Caariaco Sur.
-A revised PEA is coming very soon which could improve overall economics and ESG.
-Pension Funds are ready to provide funding and support development of Canariaco
-Communities of influence support development of Canariaco
-Major Investor: Fortescue Metals Group holds 19.9% of Candente
-Many Large Miners have recently scooped up claims surrounding Candente Copper’s properties because of the Canariaco discovery.
-DNT is getting a lot of attention
-RFC Ambrian: Canariaco Norte in top 10 of 23 Projects with potential to involve third party M&A
-Haywood: Canariaco Norte one of 18 assets selected as likely to be considered by Majors looking to Acquire
-Deutsche Bank: Canariaco Norte identified as one of 3 projects required to meet the upcoming copper supply-demand gap
-Goldman Sachs: Canariaco Norte identified as one of the top 84 copper projects worldwide
-Canariaco Norte has the 10th largest late-stage copper resource in the world
-Canariaco Norte contains the 5th highest copper grade late-stage copper resource in the world