RE:BREAKING NEWS Additional information - Re: Acquisition
This large gold endowment was controlled by 4 seperate companies only 4 months ago and today is now controlled by only 2. This means that potentially 7mm oz or more of Gold are now highly consolidated in a contiguous area.
Extremely Rare Combination
This will create an extremely rare combination of a consolidated mining camp with emerging economic scale in a Tier 1 jurisdiction, coupled with a strong geological and capital markets team.
Pro Forma for this transaction we will see Significant Insider and Board ownership of over 20% pro forma for this transaction creating strong alignment with shareholders.
Well Funded And Undervalued
Pro Forma Entrepresive Value of approximately $60 million CAD which in comparison to the resource and size potential looks very attractively valued, if you now believe as I do that this consolidation has dramatically increased the economic value of these oz and the likelihood that these oz now become part of an economic mine plan at some point in time then the likelihood of a major re-rating on the value of these oz has dramatically increased.
Well funded with pro forma cash of $8 million.
Catalyst rich story going forward
Significant upcoming drill programs at Philbert, Lac Surprise and Croteau Est in fall /winter.
Large scale prospecting programs completed on Croteau, Lac Surprise and Wapistan with results pending on all 3 properties.
Additional drill results pending from Philibert.
Potential initial resource declarations on Lac Surprise and Philibert in 2023.
Potential spin out of TPK and Ontario properties.
Additional consolidation opportunities in the camp
In short, I could not be more excited about this combination and the rapid consolidation of the Chapais Chibougamau Gold Camp achieved by Northern Superior, I see significant potential for a dramatic re-rating in the stock as the market understands the size and scale of the resources already uncovered at all 4 properties and the increasing likelihood that the size and scale required for an economic development of the Chapais Gold camp is rapidly coming into view. Northern Superior Resources, symbol SUP in Canada and NSUPF in the US. To learn more about this exciting company CLICK HERE.