Hardman & Co Research
Hardman & Co Research: Phoenix Copper (PXC): Potential world-class
copper-gold-silver mine
14-May-2020 / 10:05 GMT/BST
Hardman & Co Research: Potential world-class copper-gold-silver mine
PXC has consolidated the former Empire mine (which recovered a phenomenal
3.64% copper before WWII suspension), three other former mines and two
deposits into a potentially world-class copper/precious metals project located
in one of the most favourable mining regions, Idaho, US. The planned initial
silver mine will provide cashflows to develop the extensive copper-gold-zinc
mineralisation in the rest of the ore body. Our estimated DCF valuation (based
on silver mine only) is 31p/share. Substantial development work has been done
on a first-stage (shallow oxide ore) copper mine, for which we estimate a
GBP17.3m NPV if greenlighted today.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/potential-world-class
-copper-gold-silver-mine/ [1]
If you are interested in meeting the company, you can register your interest
by clicking on the above link
To contact us: Contact:
Hardman & Co Paul Mylchreest pm@hardmanandco.com
35 New Broad Street
London +44 20 7194 7622
EC2M 1NH
www.hardmanandco.com
Follow us on Twitter
@HardmanandCo
Hardman & Co Research can still be accessed for free after MiFID II. Please
click here [2] to read the statement.
About Hardman & Co: For the past 25 years Hardman has been producing
specialist research designed to improve investors' understanding of companies,
sectors, industries and investment securities. Our analysts are highly
experienced in their sectors, and have often been highly rated by professional
investors for their knowledge. Our focus is to raise companies' profiles
across the UK and abroad with outstanding research, investor engagement
programmes and advisory services. Some of our notes have been commissioned by
the company which is the subject of the note; this is clearly stated in the
disclaimer where this is the case.
Hardman Research Ltd, trading as Hardman & Co, is an appointed representative
of Capital Markets Strategy Ltd and is authorised and regulated by the
Financial Conduct Authority; our FCA registration number is 600843. Hardman
Research Ltd is registered at Companies House with number 8256259.
Our research is provided for the use of the professional investment community,
market counterparties and sophisticated and high net worth investors as
defined in the rules of the regulatory bodies. It is not intended to be made
available to unsophisticated retail investors. Anyone who is unsure of their
categorisation should consult their professional advisors. This research is
neither an offer, nor a solicitation, to buy or sell any security. Please read
the note for the full disclaimer.
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
1044893 14-May-2020
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=11bd715893e89f92de26fa5c888577c4&application_id=1044893&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=1044893&site_id=vwd&application_name=news
(END) Dow Jones Newswires
May 14, 2020 05:05 ET (09:05 GMT)
