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Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Northcliff Resources Ltd. is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The Company holds an approximately 88.5% controlling interest in and is the operator of the advanced-stage Sisson Tungsten-Molybdenum Project in New Brunswick. The Sisson Project has approximately 14,140 hectares. The Sisson Project has the potential to become a near-term critical metal producer, providing new primary supply of tungsten and molybdenum to North American, European and Asian markets. The Sisson Project is based on a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining.


TSX:NCF - Post by User

Post by stockpunteron Jan 01, 2024 3:43pm
134 Views
Post# 35806227

Todd Minerals

Todd MineralsYou might want to look at this:<br /> <br /> https://redhawkmining.com.au/the-blacksmith-project/<br /> <br /> Todd Minerals has a modest majority control of Red Hawk and has a farm-in agreement with another miner to develop a secondary iron site.&nbsp; Todd&#39;s interest in Red Hawk is worth 45-50 million $C.<br /> <br /> Todd seems to be gobbling up NCF/Sisson, but maybe they will exchange some of their ownership for development funds from some partner.&nbsp; This would allow a hypothetical partner to enter or expand W/Mo production at a stage where exploration and regulatory business are more or less wrapped up.<br /> <br /> Or they could sell their ownership of NCF/Sisson and use the funds to develop their iron business.<br /> <br /> Notably, Todd originally had much greater ambitions, including owning an export port.&nbsp; These ambitious plans evolved into a a smaller plan but still much higher current value than NCF market cap.<br /> <br /> Absolutely NO evidence for these scenarios, but something interesting might happen.&nbsp;<br /> <br /> I doubt very much that Todd will (or even can) pony up all the development costs for Sisson and try to go it alone with effectively 100% ownership of Sisson.&nbsp; Too expensive.&nbsp; Too risky.<br /> <br /> <br />
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