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Sell-Side Research Started On Copper Mining Co.

 

January 14, 2022 (Investorideas.com Newswire) World Copper continues to execute its strategy of acquiring and advancing copper projects, with lots of work planned for 2022, noted a Zacks Small-Cap Research report.


World Copper Ltd. (WCU:TSX.V; WCUFF:OTCQB) aims to increase shareholder value by acquiring and advancing copper projects, and it is doing just that, according to Zacks Small-Cap Research analyst Steven Ralston.

For one, the copper explorer is advancing its Escalones project and doing so "in a novel direction," the analyst wrote. Rather than pursuing it as a precious metals project focusing on the sulphide mineralization like historical owner-operators have done, World Copper is approaching it as an oxide copper project given that the copper oxide overlies the sulphide mineralization.

This approach is more economical and environment friendly, Ralston pointed out. Mining shallow copper-oxide ore, via open pit with a lower strip ratio, is more cost effective than mining deeper copper sulfide ore. Also, heap leaching can be used to process oxidized ore, and it is less expensive and greener than the alternative.

As for the Zonia project, Copper World's he acquisition of it is slated to close soon. Once it does, the new owner plans to focus on advancing it as well.

Though Escalones and Zonia are the company's main focus now, management plans to carry out some exploration work at Cristal this year, too. As for its earn-in option on this project, once World Copper pays the requisite tranches through January 2025, it will grant a 30% stake of Cristal to New Energy Metals and hold the remaining 70% interest.

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The following disclosures relate to relationships between Zacks Small-Cap Research ("Zacks SCR"), a division of Zacks Investment Research ("ZIR"), and the issuers covered by the Zacks SCR Analysts in the Small-Cap Universe.

ANALYST DISCLOSURES: I, Steven Ralston, hereby certify that the view expressed in this research report accurately reflect my personal views about the subject securities and issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the recommendations or views expressed in this research report. I believe the information used for the creation of this report has been obtained from sources I considered to be reliable, but I can neither guarantee nor represent the completeness or accuracy of the information herewith. Such information and the opinions expressed are subject to change without notice.

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