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.

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US Copper Corp > If you couldn't be bothered

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Comment by sumpinehon Jun 06, 2021 6:46pm

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Post# 33338041

RE:If you couldn't be bothered

That would be quite an upside.Thanks for that.

tamaracktop wrote: If you don't feel like reading, I'll condense the aforementioned article witjh this 1 excerpt:

At US$3.50 per pound Cu, the post-tax NPV(8%) increases to US$376 million with a 21.1% IRR and at US$4 per pound Cu, the post-tax NPV(8%) is US$653 million with a 29.4% IRR.

The point is:
This is just one of 3 deposits
the current drill program will test for gold and silver values, which has never been done
Earlier drilling ended in ore

This article claims that at $4 copper, the net present value of Moonlight alone is $653 million US
At 26 cents, the fully diluted market cap today is $36.5 million Canadian