QC Copper and Gold Inc V.QCCU

Alternate Symbol(s): QCCUF

Metals & Mining Industrial Metals & Minerals

QC Copper and Gold Inc. is engaged in the exploration, development and production of exploration and evaluation assets in Canada. It is focused on developing copper projects in the Chapais-Chibougamau region. The Company’s projects include Opemiska Copper-Gold Property and Roger. The Company's Opemiska Copper-Gold Property is located immediately adjacent to the Town of Chapais and is road accessible with the paved Quebec Highway 113 transecting the Property. The Property is located 40 kilometers (km) west of the Town of Chibougamau and 480 km north of the City of Montreal, Quebec. The Roger project is located approximately five kilometers northwest of Chibougamau, which covers an area of approximately 987-hectares. The Company also owns a 10% interest in the Thierry Copper Mine. Thierry spans 4,670 hectares across 27 mineral leases. The property hosts two past producing open pits that transitioned to underground mining.

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QC Copper and Gold Inc > QC Copper Rated New Buy at Cormark - $.80 PT

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Comment by blackgold909on Feb 28, 2022 9:53am

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RE:QC Copper Rated New Buy at Cormark - $.80 PT

QC Copper and Gold Inc. (QCCU - TSXV)

Maiden Bulk-Tonnage Resource Puts Opemiska On The Map: In September 2021, QC Copper released a maiden bulk-tonnage resource for Opemiska which came in at 103 MMt grading 0.85% CuEq (M+I+I). The company’s robust geological model and knowledge of existing mineralization contributed to a remarkably high confidence estimate, with 82% of resources already in the M&I category.
Strong Potential To Grow Mineral Resource: The runway for further resource growth at Opemiska is immense. QC Copper’s 60,000 m drill program will remain focused on resource expansion and discovery. QC Copper has outlined a number of avenues for additional resource growth, including: (1) building tonnage within the existing resource envelope, (2) following-up on highly-prospective targets within the immediate vicinity of the conceptual open-pit, and (3) new regional discoveries.
Existing Infrastructure Provides Significant Advantages: With past-producing mines comes considerable access to established infrastructure. Opemiska benefits from excellent infrastructure, including access to grid power, sufficient water for mining operations, paved highways, and a railroad that runs directly through the property. The nearby towns of Chapais and Chibougamau have a long history of mining and can provide full services for exploration and mining, including an experienced labour force.
The Right Commodity, The Right Time, The Right Place: Opemiska lies within the boundaries of Qubec’s ‘Plan Nord’ — a C$50 BB public and private investment initiative which promotes and directly funds infrastructure and development supporting new mine development. We believe the favourable business climate helps to greatly de-risk the company’s exploration programs and potentially expedite project development timelines. While Qubec has a long history of copper mining, there are currently no active primary copper mines in the province. QC Copper plans to change that.
Attractive Valuation: Trading at just 0.24x NAV and just $0.014/lb of global (M+I+I) resources, we like the risk/reward QC Copper offers, especially considering the long runway for organic resource growth. QC Copper has many upcoming catalysts that we believe could lead to a substantial re-rating, including assay results from its 60,000 m drill program at Opemiska, an updated resource in H2/22, and a maiden PEA in early 2023.