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Catalyst Rich 2023 Expected for Copper Explorer

Source: Steven Ralston

 

December 16, 2022 (Investorideas.com Newswire) These stock-moving events pertain to two projects and include drill results, a preliminary economic assessment and a prefeasibility study, noted a Zacks Small-Cap Research report.


A handful of stock catalysts is expected for World Copper Ltd. (WCU:TSX.V; WCUFF:OTCQB) in 2023 given its comprehensive work plans for the Escalones project in Chile and the Zonia project in Arizona, reported Zacks Small-Cap Research analyst Steven Ralston in a Dec. 8 report.

The Canadian copper explorer has a share price today of about CA$0.14, and Zacks' valuation of it is CA$0.73 per share. The gap between these two prices represents a significant potential return for World Copper investors.

Also positive for investors, the company's stock is currently benefitting from several catalysts, Ralston pointed out.

Demand for Copper

At the macroeconomic level, there now is "a positive tailwind for the copper mining industry, driven by the outlook for a looming supply shortage based on the confluence of increased demand from green electrification initiatives and an impending reduction of mine production," Ralston wrote.

Project Advancement

At the corporate level, World Copper's 2023 calendar is spotted with potential stock-moving events. Related to the company's Escalones copper-gold porphyry project, they include the release of drill results from the East Skarn target and from infill drilling at Rio Negro.

Regarding Zonia, the company's copper-oxide project, catalysts include completion of an updated preliminary economic assessment, expected between late Q1/23 and early Q2/23, Ralston noted.

Unlike the existing version, this report, the analyst added, will "consider expanding the resources beyond the 100% privately owned land by including the estimated resources on Bureau of Land Management and Arizona state land."

Additional catalysts from Zonia will be the release of results from two planned drill programs. One is small, shallow exploratory drilling of the northeast target there. The other is 5,000 meters of infill drilling to include the U.S. Bureau of Land Management and state of Arizona lands.

Late in the year, a prefeasibility study of Zonia's Main deposit is anticipated.

"Management has plans to expand the estimated mineral resources at both Escalones and Zonia through drilling programs," Ralston wrote.

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.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: World Copper Ltd. Click here for important disclosures about sponsor fees.

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.

Zacks Small-Cap Research, World Copper Ltd., December 8, 2022

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.

INVESTMENT BANKING AND FEES FOR SERVICES

Zacks SCR does not provide investment banking services nor has it received compensation for investment banking services from the issuers of the securities covered in this report or article. Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm engaged by the issuer for providing non-investment banking services to this issuer and expects to receive additional compensation for such noninvestment banking services provided to this issuer. The non-investment banking services provided to the issuer includes the preparation of this report, investor relations services, investment software, financial database analysis, organization of non-deal road shows, and attendance fees for conferences sponsored or co-sponsored by Zacks SCR. The fees for these services vary on a per-client basis and are subject to the number and types of services contracted. Fees typically range between ten thousand and fifty thousand dollars per annum. Details of fees paid by this issuer are available upon request.

POLICY DISCLOSURES

This report provides an objective valuation of the issuer today and expected valuations of the issuer at various future dates based on applying standard investment valuation methodologies to the revenue and EPS forecasts made by the SCR Analyst of the issuer's business. SCR Analysts are restricted from holding or trading securities in the issuers that they cover. ZIR and Zacks SCR do not make a market in any security followed by SCR nor do they act as dealers in these securities. Each Zacks SCR Analyst has full discretion over the valuation of the issuer included in this report based on his or her own due diligence. SCR Analysts are paid based on the number of companies they cover.

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