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Copper Mining Co. Trading at a Discount

 

January 26, 2022 (Investorideas.com Newswire) Coverage was initiated on World Copper, which has Q1/22 catalysts and 2022 exploration plans for all three of its properties, noted a Fundamental Research Corp. report.


World Copper Ltd.'s (WCU:TSX.V; WCUFF:OTCQB) shares are trading at a discount, at 17% of the after-tax net present value discounted at 8% of Zonia. The company is not receiving any value for Escalones, highlighted Fundamental Research Corp. analyst Sid Rajeev.

He described the exploration work the company intends to carry out this year at all three of its properties.

At Escalones, Rajeev noted, the company plans to drill at Mancha Amarilla and at already identified nearby targets, aiming to expand the existing resource of 3,450,000,000 pounds of 0.37% copper.

Regarding the Escalones preliminary economic assessment (PEA) expected next month, Rajeev wrote, "We are expecting attractive economics as the project has relatively low capex/opex."

At Cristal, plans call for a $1-1.5 million maiden drill program consisting of four to six holes, Rajeev indicated.

In terms of Zonia, World Copper intends to conduct definition drilling of the existing resource and drill testing of the northeast anomaly, wrote Rajeev. An updated PEA is expected for Zonia this year. Historically at Zonia, about 600 holes had been drilled and production had taken place.

Disclosures

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

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3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of World Copper Ltd., a company mentioned in this article.

Disclosures for Fundamental Research Corp., World Copper Ltd., Jan. 21, 2022

The opinions expressed in this report are the true opinions of the analyst about this company and industry.

Any "forward looking statements" are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. "FRC" does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by WCU to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, WCU has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated.

Distribution procedure: Our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time. The distribution of FRC's ratings are as follows: BUY (69%), HOLD (5%), SELL / SUSPEND (26%). To subscribe for real-time access to research, visit https://www.researchfrc.com/website/subscribe/ for subscription options. This report contains "forward looking" statements. Forward-looking statements regarding the Company and/or stock's performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements.

Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products/services in the marketplace; acceptance in the marketplace of the Company's new product lines/services; competitive factors; new product/service introductions by others; technological changes; dependence on suppliers; systematic market risks and other risks discussed in the Company's periodic report filings, including interim reports, annual reports, and annual information forms filed with the various securities regulators. By making these forward-looking statements, Fundamental Research Corp. and the analyst/author of this report undertakes no obligation to update these statements for revisions or changes after the date of this report. A report initiating coverage will most often be updated quarterly while a report issuing a rating may have no further or less frequent updates because the subject company is likely to be in earlier stages where nothing material may occur quarter to quarter.

Fundamental Research Corp does not make any warranties, expressed or implied, as to results to be obtained from using this information and makes no express or implied warranties or fitness for a particular use. Anyone using this report assumes full responsibility for whatever results they obtain from whatever use the information was put to. Always talk to your financial advisor before you invest. Whether a stock should be included in a portfolio depends on one's risk tolerance, objectives, situation, return on other assets, etc. Only your investment advisor who knows your unique circumstances can make a proper recommendation as to the merit of any particular security for inclusion in your portfolio.

This REPORT is solely for informative purposes and is not a solicitation or an offer to buy or sell any security. It is not intended as being a complete description of the company, industry, securities or developments referred to in the material. Any forecasts contained in this report were independently prepared unless otherwise stated and HAVE NOT BEEN endorsed by the Management of the company which is the subject of this report.

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