Atico Mining Corp V.ATY

Alternate Symbol(s): ATCMF

Metals & Mining Copper Industrial Metals & Minerals

Atico Mining Corporation is a Canada-based company, focused on exploring, developing, and mining copper and gold projects in Latin America. Its segments include El Roble mine, El Roble exploration and evaluation (E&E), La Plata E&E. Its El Roble mine segment include its mining operations at El Roble. Its El Roble E&E segment include E&E activities at El Roble. La Plata E&E segment include E&E activities at Compania Minera La Plata S.A. (CMLP). The Company’s principal project El Roble mine is an underground copper, gold and silver mine and processing plant located in the Department of Choco in Colombia. This operating underground mine has processed approximately 3.5 million tons of copper-gold ore. The La Plata project is a gold-rich volcanogenic massive sulfide (VMS) deposit. The La Plata project consists of two concessions covering a total area of 2,235 hectares along its nine-kilometer length, which contains mineralization in two VMS lenses and nine priority exploration targets.

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Atico Mining Corp

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Post by nozzpackon Apr 28, 2021 9:42am

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Post# 33081489

Copper at $4.50 US

Copper is expected to keep on rising to about $7 per lb due to an acute shortage and increasing demand

AISC for copper $1.53 us per Lb.

Cash flows in 2021 for 20 million lb copper production @$4.50 per lb will be about $60 million US which is about $75 million in cad.

Si, with no debt, strong balance sheet, we are trading at less than 1 times cash flows.
Peer cash flow multiples are in the 6 times range.

This should be an excellent chance at a 5 bagger at exit 2021