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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 Apr 27, 2020 1:51pm
34 Views
Post# 30958476

RE:RE:RE:news

RE:RE:RE:newsThanks!  With a very long mine-life, maybe they can factor in a much higher anticipated average APT price than we have right now.  I don't think it is regulatory hurdles that are holding Sissson back.  Rather, they have to raise a lot of dough.  NCF cannot easily do it with a stock offering.  I don't know whether Todd has deep enough pockets.  I imagine they feel burned over their Cornwall investment.  I don't think provicial or federal governments will 
kick in hundreds of millions.  Mining companies go broke and that does not sit well with voters.
Can you imagine a bank taking such a risk when so much of their loan portfolio is currently endangered?  There are mine finance companies, but they will pick the best risk-reward situation and they have a lot of companies to choose from.
We are actually very lucky we got a financing from Todd and that the 2019 deadline has been extended.

I am b___deep and thinking of buying more.  However, as you can see from my moniker, I am a bit of a gambler.  
Bullboard Posts