World Copper Ltd.'s (WCU:TSX.V; WCUFF:OTCQB) shares are trading at a discount, at 17% of the after-tax net present value discounted at 8% of Zonia. The company is not receiving any value for Escalones, highlighted Fundamental Research Corp. analyst Sid Rajeev.
He described the exploration work the company intends to carry out this year at all three of its properties.
At Escalones, Rajeev noted, the company plans to drill at Mancha Amarilla and at already identified nearby targets, aiming to expand the existing resource of 3,450,000,000 pounds of 0.37% copper.
Regarding the Escalones preliminary economic assessment (PEA) expected next month, Rajeev wrote, "We are expecting attractive economics as the project has relatively low capex/opex."
At Cristal, plans call for a $1–1.5 million maiden drill program consisting of four to six holes, Rajeev indicated.
In terms of Zonia, World Copper intends to conduct definition drilling of the existing resource and drill testing of the northeast anomaly, wrote Rajeev. An updated PEA is expected for Zonia this year. Historically at Zonia, about 600 holes had been drilled and production had taken place.
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Disclosures for Fundamental Research Corp., World Copper Ltd., Jan. 21, 2022
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