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HARDMAN & CO RESEARCH Hardman & Co Research: Phoenix Copper Ltd (PXC): RELOAD: a mountain of copper, silver and gold

Transparency directive : regulatory news

29/03/2021 12:30

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


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/

If you are interested in meeting the company, you can register your interest by clicking on the above link

To contact us:

Hardman & Co
1 Frederick's Place

London

EC2R 8AE

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Paul Mylchreest



+44(0)20 3693 7075

 

pm@hardmanandco.com

 

Hardman & Co Research can still be accessed for free after MiFID II. Please click here 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

1179228  29-March-2021 

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