It’s Copper-Time & This Canadian Junior Fits the Bill
by Mike Fagan
Kutcho Copper (TSX-V: KC)(OTC: KCCFF) — currently trading around C$0.50 per share — has announced a C$2.5 million financing with proceeds designated for the ongoing advancement of its flagship Kutcho Copper-Zinc Project, British Columbia, where the company is on-pace to release a Feasibility Study by the midpoint of this year.
As you may recall, a 2017 Prefeasibility Study on the project, using $2.75/lb copper, produced an after-tax NPV of C$265 million and an IRR of 27.6%. As you know, copper is currently trading at 8-year highs near $4 a pound — a jump of almost 50% from the figure used in the prior study.
Kutcho Copper CEO, Vince Sorace — whom you’ll be hearing more from in a moment — commented via press release:
“As an underground mining scenario is being thoroughly developed in support of the current feasibility study, options for a combination of alternative mining methodologies for the various deposits are also being evaluated to develop a project that is optimal in terms of economic returns and environmental outcomes and that is sensitive to community objectives,” said Vince Sorace, President & CEO of Kutcho Copper Corp. “We look forward to the results of this optimization of development strategies and to potentially expanding the benefits of the Kutcho project.”
In February, the company announced an updated mineral resource estimate of 18.6 million tonnes Indicated at 2.58% copper equivalent and 13.2 million tonnes Inferred at 1.59% copper equivalent — placing the Kutcho project at the upper-end of the spectrum tonnage-wise for VMS deposits.
Next steps at Kutcho will include drilling in and around the main resource area and exploring additional greenfield targets elsewhere on the 42,000 acre property.
With strong leverage to rising copper prices, 2021 is looking prime for companies with large, high-grade copper projects in Tier-1 mining jurisdictions — and Kutcho Copper certainly fits that bill.
Our own Gerardo Del Real of Junior Resource Monthly sat down with CEO, Vince Sorace, for a quick look at all-things Kutcho. You can listen to that interview here (a transcript is also available).
You may also click here to access our most recent report on Kutcho Copper.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.