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Arizona Sonoran Copper Company Inc T.ASCU

Alternate Symbol(s):  ASCUF

Arizona Sonoran Copper Company Inc. is a copper exploration and development company, which is focused on the assessment, consolidation, exploration, development and eventual mining in the Santa Cruz Copper Mining District in southern Arizona. The Company holds 100% ownership comprised of private land and a state land lease which is referred to as Cactus East and Cactus West (the Cactus Project) and the Parks/Salyer Property (collectively with Cactus Project and Stockpile Project, the Project) in Pinal County, Arizona. The 100%-owned Project is a porphyry copper project located on private land, near the city of Casa Grande, Arizona, United States. The Cactus Project is comprised of three deposits and one waste dump. The Project covers approximately 5,720 acres (with the remainder of the land package covering additional exploration properties). Its properties also include LKY/Copper Mountain Investments Limited Partnership LLP (LKY) Property and Mainspring Property.


TSX:ASCU - Post by User

Comment by metalhead666on Feb 21, 2024 5:23pm
68 Views
Post# 35891912

RE:RE:Well that's a ridiculous reaction...

RE:RE:Well that's a ridiculous reaction...I'll add....If you want to play the copper price don't do it with junior miners. I look at this like I did Uranium after Fukishima....I bought it when no one wanted it. Copper has a solid future and ASCU is now trading at 10% of its likely NPV out in time. Once they get financing and begin construction that will trend towards 50% of NPV or so making this a multibagger.  If you're focused on the short term and emotional gyrations you'll get spooked. You have to see where this is likely to be in a year or two and be measured in your accumulation.  I think it will be a $5 stock or get bought out but you have to have patience and an accumulation plan. It's not a trading vehicle. Buy when others panic or are disappointed. The Pre Feas was fine. It's at a significant discount to intrinsic value so accumulate when it goes on  sale.  That's my plan. I only have 2000 shares but will build it up to 10,000 this year
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