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US Copper Corp V.USCU

Alternate Symbol(s):  USCUF

US Copper Corp. is a Canada-based exploration stage company. The Company has interests in exploration properties in Ontario, Canada and, through wholly owned subsidiaries, has interests in exploration properties in Nevada and California, United States. It controls approximately 13 square miles of patented and unpatented federal mining claims in the Light’s Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits, such as Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets. The Moonlight deposit hosts a current National Instrument 43-101 (NI 43-101) indicated resource of approximately 252 million tons. The Superior Project includes about 132 unpatented mining claims and a lease on 36 patented claims in Plumas County, California. It also owns mining interests in Timore, Warren Whiteside, and Black Warrior.


TSXV:USCU - Post by User

Post by StockHawk1on May 25, 2022 5:05pm
104 Views
Post# 34707429

Info on $USCU's Moonlight-Superior Copper Project

Info on $USCU's Moonlight-Superior Copper Project

US Copper Corp. ($USCU.V $USCUF) controls the Moonlight-Superior Copper Project located in the Lights Creek Copper District of Plumas County, California.


Historically the project produced 161m pounds of copper at 2.2% grade from 1915 to 1930 and a prior owner of the project, Placer-Amex, calculated that this project has a historical resource estimate of 4 billion pounds of copper.


A PEA on the Moonlight deposit indicated that it has an NPV of US$179M after-tax (at copper at a price of US$3.15/lb).


This PEA only accounted for one of the 3 deposits at the project, therefore the project as a whole is likely worth much more. 


IMO it is clear this project at $USCU as a whole has a lot of upsides espically considering the company is trading under $0.10 


More here: https://uscoppercorp.com/project/


$USCU @ $0.05

MC $5.608M

 
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