DJ Hardman & Co Research: Phoenix Copper Ltd (PXC): RELOAD: a mountain of copper, silver and gold
Hardman & Co Research
Hardman & Co Research: Phoenix Copper Ltd (PXC): RELOAD: a mountain of copper, silver and gold
29-March-2021 / 11:30 GMT/BST
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Hardman & Co Research: RELOAD: a mountain of copper, silver and gold
PXC has consolidated the former Empire copper mine (which recovered a startling 3.64% copper before WWII) and five
other former mines/deposits located nearby into a potentially world-class copper, gold and silver project in Idaho. Our
estimated DCF valuation is 60p/share, based on the initial near-surface copper-gold mine only. Given better funding
conditions, the company is considering simultaneously developing a silver mine at its nearby Red Star resource. If
greenlighted, we estimate a combined valuation of 95p/share (139p/share using recent highs in copper and silver
prices).
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/reload-a-mountain-of-copper-silver-and-gold/
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1179228 29-March-2021
(END) Dow Jones Newswires
March 29, 2021 06:30 ET (10:30 GMT)
