I doubt you'll be tired of waiting much longer US Copper announced their application to list on OTCB on April 20th. The timeline is just about right.
I'm fairly confident we can expect an announcement of the uplisting this week. In fact, I'm surprised it hasn't come sooner.
This will "legitimize" the stock to some extent, as nobody trades the Pink sheets. Expect a pickup in volume.
As new investors in the US enter the market, which they will, I can assure you they won't be coming in on the sell-side. They don't own andy stock.
The timing is excellent as well, as copper appears to be forming a new support level around $4.50, having just experienced a very orderly correction off all-time highs. Very orderly.
Given that production costs and that costs to build a mine are relatively "fixed" in comparison to the price of copper itself, the discounted present values of this company's deposits rise exponentially with increases in the price of copper. I believe the present value of the Moonlight deposit alone is $800 million at $4 copper.
Copper is in a secular bull market, driven primarily by forthcoming supply shortages that to me seem inevitable. As I mentioned in a recent post, the drive towards renewables simply cannot happen without massive increases in new copper production. Literally. Copper wiring can only be produced by newly-smelted copper, because conductivity is severely compromised otherwise. Recycled copper doesn't work.
Further, again given the timeline, I expect US Copper will soon announce the imminent start of drilling, if it hasn't started already. The purpose of which will be to move inferred reserves to the indicated category. Hence the recent financing.
If this program is successful, the company will have 2.5 billion pounds of copper indicated.
I suspect we'll see news of either the uplisting or drilling this week.
I'll finish by posing a simple question. If you were a decision-maker at the company, and if you were preparing two press releases, would you dilute their impact by posting them simultaneously, or would you announce them separately?
And if you were to announce them separately, which would you announce first, the uplisting, or the commencement of drilling?
My understanding is that the NPV of the Moonlight deposit alone is $800 million at $4 copper.