RE: PHOENIX RISES - Major rerate finally upon us!22 Nov 2023 08:40
Quick reminder for any newbies below.
Total silence here speaks volumes, brings a whole new meaning when you say 'flying under the radar'!
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οΈ Jurisdiction risk - One of the lowest in the world, located in Idaho USA. In todays world a huge advantage.
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οΈ Finance - Bond Financing nearly complete, with minimal dilution, due anyday, see last RNS, just the 2 week extension!
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οΈ Shares in Issue - 124m, super low for a miner, very tight free float, practically impossible to build a position during a small increase in volume
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οΈ Potential - Empire into production, then use cash flow to prove up Red Star, NC, and the huge porphyry, the star prize.
https://markets.ft.com/data/announce/full?dockey=1323-14036814-404BFAMG66CK2HPL0QSJS9E37J
"In Mr Maund's view, the Empire system bears some geological similarities to the World Class 1 category Antamina Mine in Peru, which is the largest porphyry - endoskarn polymetallic deposit in the world"
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οΈ Navarre Creek - Full drilling results due. Already positive signs, further 400 acres claimed after initial results.
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οΈ BOD - experienced, previously built up a $1b+ company
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οΈ Local links - CEO is from Idaho, his grandfather worked at Empire
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οΈ Metals - polymetalic, Copper, Gold, Silver, cobalt etc
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οΈ Copper Demand/Supply - A huge structural deficit predicted in the coming years
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οΈ Market Cap - At just Β£27m, similar companies, at much earlier stage valued at multiples
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οΈ New Mettalurgical Testing - Start production of all metals from day 1
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οΈ New Economic Model - An enhanced updated model pending for release anyday
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οΈ Market Listing - UK AIM & New York OTCQX Market
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οΈ ESG - Phoenix Copper received an βAβ rating from Digbee ESG, a third-party environment, social, and governance (ESG)
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οΈ Life cycle of mineral discovery- about to exit orphan period and enter development phase, which signals a huge sustained increase.
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οΈ Only 1% of total PXC acreage explored to date!
Always DYOR