Ann: We Are Now Flagship Minerals, page-4

Am I correct that all prior posts on PAM have "vaporized" into the ether? Oh well....

I was lookinf through copper developers with oxide projects. One such company is "Copper World" (traded on TSX ticker WCU for those interested). Market Cap ~CAD$12.5M ... US$8.7M. Comparing that to FLG with Market Cap ~AUD$8.3 ... ~US$5.2M

We know what FLG's assets are.
What about those at WCU?

1. Escalones Project ... the largest undeveloped oxide project in Chile ... an MRE (Inferred Only) of 3.4B lbs of Cu!! This from ~28,000m of drill core from 56 holes. They have done a PEA as well (NPV8 $1.5B) . Something must be holding WCU back on this project as they appear in no hurry to progess it.

2. Zonia Project ... another Oxide project located in AZ USA with an Indicated Resource of 668Mlbs Cu (of which all but 60Mlbs is oxide), plus Inferred Resource of 320Mlbs (of which all but 82Mlbs is oxides) ... so 847Mlbs of oxide. Also had PEA done. First production looks to be 2028, LoM just under 9 years producing ~49Mlbs of Cu per year. NPV8 192M at $3/lb Cu rising to $478M at $4/lb Cu

With a MC of US$8.7M this is either the worlds most undervalued stock or something(s) amiss... well WCU did announce on Nov 20, 2024 that they have engaged Origin Merchant Partners (Investment Bank) to conduct a "strategic review".



Sums it up well doesn't it ... "Adverse market sentiment has seen junior resource companies with excellent economic assets become extremely undervalued" ... don't we know it.

Like they say, markets can remain irrational longer the market participant can remain solvent.