ICG
Looking like one of the best Porphyry plays and bets on the Copper price in 2021 in my view.
$31m market cap, $9m in cash.
ICG have 3 tenements in Peru. The ones in Purple (Riqueza) and the 2 new green ones.
Potentially another 4 to be granted (the ones in red).
Then in Australia they have at least 5 IOCG projects.
That is 8 projects (3 in Peru, 5 in Australia), with potentially another 4 to come. All have high grade copper/gold rock chips at surface and in Tier 1 neighborhoods.
Drilling at Riqueza should be very close. On 10 Feb 2021 ICG said they expect the permits will be within a couple of weeks.
There are two comparable plays I think of when I think of ICG. LCL with big porphyry and CTM which drilled a big nickel deposit in Elephant country Brazil. They both went 10X from the lows, started off with similar bases to ICG.
It will only take a whiff of porphyry in Peru for this to go $50-100M market cap.
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 01 Mar
ICG Looking like one of the best Porphyry plays and bets on the...
-
- There are more pages in this discussion • 112 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online