World Copper Ltd V.WCU

World Copper Ltd.Escalones project update (Chile)

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World Copper Ltd. / TSXV: WCU

 

PR Title

 

Escalones project update (Chile)

 

FRC Opinion

 

Negative – Last month, WCU faced a major setback when the Chilean government signed decrees establishing sanctuaries in several locations in Chile, one of which includes WCU’s Escalones project. This development has raised considerable uncertainty about Escalones’s potential for advancement to production. Management is reviewing various options to determine the most effective path forward. WCU also owns the Zonia copper project in Arizona, which hosts 1+ Blbs of copper. A 2018 PEA had returned an ATNPV8% of US$192M at US$3/lb copper, and US$447M at US$4/lb copper. We are removing our valuation on Escalones, and adjusting our fair value estimate on WCU from $1.28 to $0.35/share. WCU is trading at $0.07/share.

 

Read more: https://www.researchfrc.com/rate-cut-timing-good-news-for-uranium-and-ev-metals/