QC Copper & Gold is a well-capitalized junior increasing its Quebec based mostly useful resource and has lately discovered intensive extra mineralization on its property.
QC Copper and Gold Inc. (QCCU:TSX.V; QCCUF:OTCQB) is shifting ahead with its previous producing Opemiska Copper Mine Complicated, positioned within the Chapais-Chibougamau area of Quebec. CEO Stephen Stewart states that Quebec is arguably the very best mining jurisdiction present immediately, with rule of regulation and a really pro-mining stance by the provincial authorities.
In September 2021, the corporate launched its Maiden Useful resource Estimate with 81.7M tonnes @ 0.88% CuEQ pit constrained Measured and Indicated Mineral Sources and 21.3M tonnes @ 0.73% CuEq of Inferred Mineral Sources. On February fifteenth of this yr QC introduced vital outcomes from a number of drill holes, most notable being OPM-21-122, which intersected 184.5 meters of 0.32% CuEq, together with 49.5 meters of 0.70% CuEq, nicely above the 0.20% cut-off grade.
Much more vital, this mineralization included areas not sampled or included within the useful resource estimate. The corporate is planning step-out holes to the east and west of gap 122 in an effort to increase the useful resource’s Springer Perry deposit. Stewart intends to replace QC’s useful resource estimate later in 2022.
QC is the envy of its friends, being extraordinarily well-capitalized with CA$18 within the treasury, together with publicly marketable shares in a associated firm value over CA$7 million at present market costs. Thus, this yr’s 60,000-meter drill program is already financed; there’s no want to lift extra capital, an advantageous place contemplating the latest low valuations of this market sector.
CEO Stewart says he’s been receiving curiosity from potential companions, however has no real interest in doing a transaction at this time limit. The prospectivity of its undertaking is way too excessive and the inventory worth isn’t excessive sufficient. In Stewart’s view, QC has a compelling case and whereas the market has been sluggish to know it, when the inevitable realization dawns, shareholders will revenue handsomely.
Copper and gold costs have been holding up extraordinarily nicely. Copper provide is heading in the direction of deficit, if not there already. Sooner or later in time, traders will rediscover the sector and redeploy capital en masse. QC has a extremely useful useful resource that it’s shortly including to in the very best jurisdiction. It’s only a matter of time till QC’s valuation rises and traders will look again and notice the chance that was current.
Kerry Lutz is the founding father of the Monetary Survival Community, whose mission is to assist traders prosper and thrive within the New Economic system. He’s a retired lawyer, in addition to the creator and writer of hundreds of podcast/YouTube episodes coping with the useful resource sector, financial points, and funding ideas. He has been a devotee of the Austrian College of Economics since 1978 and presently resides in Palm Seaside County, Florida.
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