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Bullboard - Stock Discussion Forum XXIX Metal Corp V.XXIX

Alternate Symbol(s):  QCCUF

XXIX Metal Corp., formerly QC Copper and Gold Inc., is a copper developer. The Company is engaged in advancing its Opemiska and Thierry Copper projects. The Opemiska property spans over 13,000 hectares in Quebec's Chapais-Chibougamau region. The Thierry Copper Project spans approximately 7,907 hectares and historically produced 5.8 million tons grading 1.13% copper, and 0.14% nickel. Thierry... see more

TSXV:XXIX - Post Discussion

XXIX Metal Corp > No-brainer hypothetical math
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Post by BSdetector2016 on Sep 21, 2021 12:22pm

No-brainer hypothetical math

Let's do some quick and dirty hypothetical math just for fun:

81,700,000 tonnes x 0.88% CuEq gives 719,000 tonnes CuEq

719,000 tonnes CuEq x 9,145/tonne (Cu cash 20-09-2021) gives about $6.575B USD of copper

We know these are Measured and Indicated resources.

We know that there are Inferred resources but in this example they are not included, and neither are the Baselode shares.

If the market gives, say a 5% value to the copper, then valuation should be around $328M (USD) or about $414M (CDN). Current market cap is about $27.5M (CDN). So currently the market is valuing QCCU at less than one half of one percent of the value of the in-situ copper.

Let's say the market partially wakes up and gives QCCU a valuation of 1% of the in-situ value of the CuEq - why that's a market cap of about $83M (CDN).  

As with any investing decision: do your own due diligence before acting
Comment by BSdetector2016 on Oct 05, 2021 4:21pm
Looks like we are slowly getting there!
Comment by LowMoor on Oct 05, 2021 8:01pm
Just put this stock away. $1.50+ next year easy. Lots of fireworks to come when drill turns again. 19 million shares of FIND also could be explosive. Market cap still small of 50M is nothing. Got to love QCCU.
Comment by LowMoor on Oct 06, 2021 8:25am
Great news, Cashing out some Find shares and a PP. Drill Baby! Not much dilution for us shareholders. Folks the sky is the limit here next year. $3.00 to $5.00 after drill results and a buy out. Boom1
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