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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

Comment by stockpunter2on May 23, 2024 11:24am
45 Views
Post# 36054029

RE:fyi

RE:fyiIf I remember correctly, the fs used 350USD/metric tonne contained metal for APT, but didn't specify whether it was 65% APT or the more enriched 85%.  I think 65% is the most commonly cited.  In the on-line source I use, they always have a hi and low numbers which I think are made up.  The source is easy to check and tells what direction things are going, however.  Usually updated 9 or 10 pm PT.

I think the important point is that NCF is trading like W and Mo prices do not matter much because the chances of building the mine are considered to be so low.  If they do have a workable plan, it is a close secret.  All the same, what is Todd's game?  Owning 100% of nothing is still nothing.  Actually less, since they have to pay for leases, etc. 
I doubt they would try to get 100% and privatize Sisson as they need access to Canadian Stocks Exchanges to finance it.  So, if you are a believer, you need to keep adding to your position,
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