Notes & Assessment on Doré Copper Mining I allocated a significant portion of capital to DCMC today. I am strongly optimistic about the mid-to-long-term prospects of the company. Due diligence has been performed, and the company enjoys a durable competitive advantage and outlook for the following reasons:
Experienced, qualified management. CEO Ernest Mast has previously held the position of Vice President-Operations for New Gold Inc, as well as Vice President of Corporate Development at Copper Mountain Mining Corp.
Operations reside within the favorable, mining-friendly jurisdiction of Quebec.
Significant exploration upside on historically high-grade, major copper-producing properties, with some gold as added bonus. The company is currently conducting a 35,000 meter exploration program throughout the remainder of 2020 and early 2021, with a PEA in 2021.
Macro-economic conditions and future projections for copper demand (not least of all from China and electric vehicles) are extremely favorable: https://cdn-ceo-ca.s3.amazonaws.com/1fsapu1-234r2g.png+
Contrasting all of this against a market cap of approximately $20 million CAD, this company presents both an undervalued and under-the-radar investment opportunity within an industry that is facing an imminent supply crunch, and will experience significant near-term (and long-term) growth and demand. Copper is, quite literally, an essential building block of the future.
https://investorintel.com/markets/gold-silver-base-metals/gold-precious-metals-intel/drolet-stock-notes-on-dore-copper-mining-leading-copper-gold-explorer-with-advanced-stage-projects-in-the-chibougamau-chapais-mining-camp-in-quebec/