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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 Oct 22, 2024 11:02am
23 Views
Post# 36276702

RE:RE:A Possibility?

RE:RE:A Possibility?possible, but owning 100% is generally synonymous with taking private and delisting from TSX.  That cuts them off from raising captial which they need in buckets to develop Sisson.  But if they plan to sell to a major at a higher price, or partner with a major, the more they own and the higher the SP at that time, the better for Todd.  Could also just be somebody that has confidence of an up-coming deal.  The total shares traded since Oct 9 must represent 1-2 million shares aquired by Mr Mystery.  But that cost him maybe $40- 60K?  A nice bet if one has info, although completely illegal.
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