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Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Northcliff Resources Ltd. is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The Company holds an approximately 88.5% controlling interest in and is the operator of the advanced-stage Sisson Tungsten-Molybdenum Project in New Brunswick. The Sisson Project has approximately 14,140 hectares. The Sisson Project has the potential to become a near-term critical metal producer, providing new primary supply of tungsten and molybdenum to North American, European and Asian markets. The Sisson Project is based on a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining.


TSX:NCF - Post by User

Bullboard Posts
Comment by stockpunteron Feb 27, 2020 2:07pm
40 Views
Post# 30742446

RE:Ground breaking

RE:Ground breakingmy understanding is that the original 2013 fesability study envisaged costs of $153.3/mtu APT and average selling price of $350mtu.  However, the price of APT was recently quoted at $ 238.5/mtu.
Sisson partnership needs hundreds of millions to build the mine and they have to convince bankers that it has huge projected profit margins so the loan is safe. They have not announced that they have secured financing.
This disconnect between projected and actual  APT price probably explains why we are stalled at 0.05 SP.
I would be delighted if someone could provide some hard facts and figures that agrue otherwise.
It is true that they have made lots of progress, that Todd is interested, that Tungsten is a strategic metal, that China controls production and world supply etc. However, consider the possibility that the project has moderatley attractive economics at current commodity prices.

Bullboard Posts