Global | Mining | TSX:NCU
More to come from NCU?
NCU’s project update for Pumpkin Hollow on 19 June 2018 highlighted the company’s ongoing drilling success which, we believe, could have a significant positive impact on economics for the Pumpkin Hollow open pit (OP). The company reported that it has encountered multiple new zones of mineralisation, particularly in the northern pitwall and western part of the OP which, we believe, could result in a substantial reclassification of waste material to reserves.
With US$200m of sunk capex, fully permitted and strong management team, we believe that NCU will be the next cab off the rank in terms of copper producers, and we believe that there is significant exploration upside to expand the scope of the second stage OP project development.