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Three Valley Copper Corp V.TVC.H

Alternate Symbol(s):  TVCCF

Three Valley Copper Corp. is a Canada-based blank check company. The has no operating activity and investigating the prospects for a business combination, change in corporate strategy or sale of the Company.


TSXV:TVC.H - Post by User

Comment by nickbillfishon Feb 14, 2022 8:15am
88 Views
Post# 34425559

RE:TVC best risk to reward on TSX venture here at C$9M mkt cap

RE:TVC best risk to reward on TSX venture here at C$9M mkt cap

nickbillfish wrote: Here at C$.088 and market cap of C9M, not another play that has a short term significant upside to return 300-400% if it works out.      Sure we have $80M in debt, but this mine has a fair value over US$200M if Cantor Fitzgerald is valuing another junior Los Andes at $2B.        The good:
1.   Newly completed on time on budget block caving project in Papomono with over $20M spent.   Mine is ready to tap into its 101 Million reserve that is 85% proven not probable at a grade of 1.51%.
2.    Proven management and Board of Directors mostly picked by Sprott.    Still big ownership by big players Sprott Asset MMCAP, Rick Rule and I think legendary investor Kevin Bambrough.
3.   Over US$300 Million in today's dollars spent building this mine from Vale to Sprott.   TVC is a working mine with daily crusher capacity of 5,000-6,000 tonnes feeding into a 18,000 annual tonnes cathode plant with newly upgraded salt leaching reading production time be 40%.
4.   Already identified additional resources that can easily increase reserves to over 500 Milliom pounds.    Ie. drill results below Don Gabriel have 2% copper and additional new prophery found between the two mines Papomono and Don Gabriel suggesting they are connected.  Not a technical exper but suggests a larger block caving operation.
5.    Local workers who are skilled and the success of the mine is very important to the local town, plus TVC is an environmentally friendly mine.
6.  Additional third party ore being supplied by local miners and ENAMI.
7.   Sure it has $80 Milion in debt but should be largely debt free in 1.5-2 years once Papomono ramps up.
8.    Major financing partners in Anglo American and Kimura Capital who are supportive of current management.   Anglo American is a billion dollar corporation.
9.  Mine was bought for US$40M for a 70% share in 2017 when copper was mid $2 range.  Now TVC owns 95.1% with copper at $4.44 and over $40 Million since then upgrading the mine and building Papomono.
10.  46,000 hectares of land of which less than 10% being explored.  Numerous spots already identified showing similar characteristics to existing mines.

The risk to reward should the outcome of negotiations be favorable not any better on another stock currently trading on the TSX.V.   

I forgot to add:

11.  Tax loss credits, they have over $250 Million in tax loss carryover's, they won't pay taxes on profits for years or most of the current life of Papomono!
 

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