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Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Northcliff Resources Ltd. is a Canada-based mineral resource company. The Company is primarily engaged in the acquisition and development of mineral properties. The Company holds an 88.5% economic interest in the Sisson Tungsten and Molybdenum Project (the Sisson Project), located in New Brunswick, Canada. The Sisson project is located on Crown land in central New Brunswick, approximately 100 kilometers northwest of Fredericton by road, and near the communities of Napadogan, Juniper and Stanley. The project is situated within the Nashwaak Watershed. The Sisson Project-area is served by local and regional infrastructure, including highways, roads, railways, deep sea ports and power lines.


TSX:NCF - Post by User

Comment by stockpunteron Mar 22, 2022 2:12pm
51 Views
Post# 34535189

RE:Steel will be in demand

RE:Steel will be in demand Agreed.  I remember way back when the price of copper spiked after Kyoto was savaged by an earthquake.   The amount of materials needed to build or rebuild a single city is staggering.  Lots of W and Mo need for all that steel to rebuild Ukraine. I'm not concerned about commodity prices being supportive of Sisson.  I'm just saddened that management never seems able to pull it together. 

On the plus side, even if all the loans are converted to shares at 0.05 level, we should still have well over a buck /share NPV, using the now-very-old FS.  Also, Todd will chip in 20 million for 10% of Sisson if they go ahead, which implies a (wholesale) value of nearly 80 million for the fraction of Sisson held at that point by NCF.  We'd all get rich if they'd just pull out the finger.
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