TSXV:NCX - Post Discussion
Post by
jsladek on Jul 23, 2021 12:31am
Red Cloud Research Report on NCX
Red Cloud research is now covering NCX. They got a finder's fee on the private placement back in March.
The report is at https://www.redcloudfs.com/northisle-copper-and-gold-inc-tsxvncx-a-copper-company-for-the-21st-century/
, but you have to register with the site to see it. It's free but in exchange you get regular e-mail about mining companies.
I got an e-mail from them today with with a summary:
We are initiating coverage on NorthIsle Copper and Gold Inc. (TSXV:NCX) with a BUY rating and C$0.90 target price. NorthIsle’s flagship North Island Cu-Au-Mo project, located on the northern tip of Vancouver Island, features I&I resources of ~8.6B lbs CuEq that supports a large, open pit operation with attractive economics – including an after-tax $1.1B NPV8%. The PEA contemplates a 75,000 tpd operation producing an average of ~100M lbs Cu and 100k oz Au per year. In our view, this is a highly developable mine in a tier-one jurisdiction, particularly given NorthIsle’s focus on ensuring ESG [environment, social and governance] is at the core of its strategy. We believe stringent ESG standards will be a key requirement for any mine that gets built in a tier-one jurisdiction in the future, thus reinforcing this approach.
NCX has a market cap of $45 million. They did a $7MM underwriting in March. They will have some drill results out.
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