Horizon Copper Corp V.HCU

Alternate Symbol(s): HNCUF

Metals & Mining Copper

Horizon Copper Corp. is a Canada-based premier copper company holding non-operating interests in high-grade, low-cost copper assets. The Company holds a portfolio of unparalleled copper assets, including a 30% interest in the copper-gold Hod Maden project, exposure to the Oyu Tolgoi copper mine through a 25% equity ownership in Entree Resources Ltd., and a 1.66% net profit interest in the Antamina copper mine. The Hod Maden Project is located in Artvin Province, northeastern Turkey. It has interests in the Hugo North Extension and Heruga deposits of the Oyu Tolgoi copper mine, located in Mongolia. The Hugo North Extension is a copper-gold porphyry deposit, and Heruga is a copper-gold-molybdenum porphyry deposit. Antamina is an open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers north of Lima. The Company also plans to actively grow its portfolio of assets, with a focus on copper projects.

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Horizon Copper Corp > Long Time ETG Holder

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Comment by Countrygenton Sep 28, 2024 6:07pm

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Post# 36245614

RE:RE:RE:RE:RE:RE:Long Time ETG Holder

Hod Maden and Antimina are valuable.

Hod Maden isn't huge like OT but it has exceptional Cu/Au grades - see the comparison chart in the investor presentation.

Sandstorm sold a 34% interest in Hod Maden to HCU ... but HCU gave back a stream, and at the same time SSR is in an Earn In position to earn up to 40% in the project but that may be all from Lidya Mines equity. But if the project advances and say HCU has a net 30% interest, they have an upside of several hundred million and terrific leverage to the prices of CU/AU.

"November 2021The Feasibility Study reaffirms strong project economics for Hod Maden, demonstrating a $1.3 billion pre-tax net present value (5% discount rate) and an internal rate of return of 41%."