XXIX Metal Corp V.XXIX

Alternate Symbol(s): QCCUF

Metals & Mining Copper

XXIX Metal Corp., formerly QC Copper and Gold Inc., is a copper developer. The Company is engaged in advancing its Opemiska and Thierry Copper projects. The Opemiska property spans over 13,000 hectares in Quebec's Chapais-Chibougamau region. The Thierry Copper Project spans approximately 7,907 hectares and historically produced 5.8 million tons grading 1.13% copper, and 0.14% nickel. Thierry hosts two resource-stage deposits, including Thierry Underground, known as K2 and the K1 Open Pit.

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XXIX Metal Corp > QC Copper Rated New Buy at Cormark - $.80 PT

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Comment by blackgold909on Feb 28, 2022 9:53am

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Post# 34467331

RE:QC Copper Rated New Buy at Cormark - $.80 PT

QC Copper and Gold Inc. (QCCU - TSXV)

Maiden Bulk-Tonnage Resource Puts Opemiska On The Map: In September 2021, QC Copper released a maiden bulk-tonnage resource for Opemiska which came in at 103 MMt grading 0.85% CuEq (M+I+I). The company’s robust geological model and knowledge of existing mineralization contributed to a remarkably high confidence estimate, with 82% of resources already in the M&I category.
Strong Potential To Grow Mineral Resource: The runway for further resource growth at Opemiska is immense. QC Copper’s 60,000 m drill program will remain focused on resource expansion and discovery. QC Copper has outlined a number of avenues for additional resource growth, including: (1) building tonnage within the existing resource envelope, (2) following-up on highly-prospective targets within the immediate vicinity of the conceptual open-pit, and (3) new regional discoveries.
Existing Infrastructure Provides Significant Advantages: With past-producing mines comes considerable access to established infrastructure. Opemiska benefits from excellent infrastructure, including access to grid power, sufficient water for mining operations, paved highways, and a railroad that runs directly through the property. The nearby towns of Chapais and Chibougamau have a long history of mining and can provide full services for exploration and mining, including an experienced labour force.
The Right Commodity, The Right Time, The Right Place: Opemiska lies within the boundaries of Qubec’s ‘Plan Nord’ — a C$50 BB public and private investment initiative which promotes and directly funds infrastructure and development supporting new mine development. We believe the favourable business climate helps to greatly de-risk the company’s exploration programs and potentially expedite project development timelines. While Qubec has a long history of copper mining, there are currently no active primary copper mines in the province. QC Copper plans to change that.
Attractive Valuation: Trading at just 0.24x NAV and just $0.014/lb of global (M+I+I) resources, we like the risk/reward QC Copper offers, especially considering the long runway for organic resource growth. QC Copper has many upcoming catalysts that we believe could lead to a substantial re-rating, including assay results from its 60,000 m drill program at Opemiska, an updated resource in H2/22, and a maiden PEA in early 2023.