Copper Mega Deposit in Mining-Friendly JurisdictiOn the Featured News Links section to the right of the Stockhouse Bullboards screen today is a link to an article with the following headline: "A Copper Mega Deposit on the Advance in a Mining-Friendly Jurisdiction."
I thought the article was referring to Oroco, so I clicked on the link. It turns out that the story is about the Haib copper deposit in Namibia and the company in question is Deep South Resources. After listening to the interview, I note some similarities in verbiage to the Oroco story.
Tightly held (Teck Resources and insiders)
Mining friendly jurisdiction (Namibia)
World class, multi-billion ton deposit
Porphry copper
30% IRR at $2.65 per lb copper price
I wonder if Deep South shareholders were convinced that the stock was going to be a 10 or 20-bagger 2 years ago and would be very interested to hear some thoughts as to why it didn't work out for Deep South whereas getting taken out at 10x current prices is a slam dunk for Oroco? In addition, wouldn't Teck Resources be considered a smart money copper investor?
Is the difference in prospects simply due to the jurisdictional difference between Namibia and Mexico?
For the record, after watching the interview, I'm not inclined to touch Deep South stock with a 10-foot pole.