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Horizon Copper Corp V.HCU

Alternate Symbol(s):  HNCUF

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.


TSXV:HCU - Post by User

Post by lumpy13on Mar 26, 2024 12:58pm
135 Views
Post# 35953351

Window of opportunity

Window of opportunityHCU's market cap is a 20% discount to the value of its 25% holding in ETG.  And ETG is either negotiating or entering arbitration to sell its interests in Mongolia to RT/OTLLC.  A sale, which would be easiest for all parties, coud be a multi-x return for ETG.  In addition, HCU holds a 30% interest in Hod Maden and a NPU in Antaminas.  In both cases, they have sold gold or silver streams to SAND.

I've been in HCU a couple of years and started building a position in ETG.  Would love to do more, but tapped out.

For new investors, this could be a tremendous return.  Take a bite, sit back and wait (and probAbly not too long), before seeing nice appreciation.  There are risks, but I see limited downside.
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