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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

Post by seveneleven711on Jan 23, 2023 11:49am
126 Views
Post# 35239901

opinion

opinionAssuming the following;

1. That Todd will hold 74.1% of NCF.(for a very cheap price of ~$19M CAN.)

2.NPV of SISSON is $400M CAN.

3. NCF continues to own 88.5% of SISSON.

4.That Todd purchases the remaining 25.9% of NCF.(~120M shares)

To appear to be fair to other shareholders(LOL), Todd should pay $0.76/share for remaining 25.9% of NCF which equals .76 x 120M shares or ~$91M CAN. For a total of $124M (19 + 91 + 14) CAN for the ENTIRE Sisson Project which is basically fully permitted with customers lining up to buy the Sissin tungsten.

Note: If Todd exercises their right to buy additional 10% of Sisson for $20M then buyout price would change from $0.76 to $0.67/share for remaining 120 million shares. They probably will since it saves them $10M and they end up paying $114M for the entire permitted Sisson Project with customers waiting.

Will non-Todd shareholders get $.67 to $.76 /share from Todd? If yes, When? I am hoping for very soon and if not then we, the non-(Todd/ insider) should start crying foul.

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