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Phoenix Copper Ltd (PXC): First stage in potent...
Phoenix Copper Ltd (PXC): First stage in potent....
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \nHardman & Co ResearchHardman & Co Research: Phoenix Copper Ltd (PXC): First stage in potential world-class copper mine22-Aug-2019 / 07:15 GMT/BST\n\nHardman & Co Research: First stage in potential world-class copper mine\n\nPhoenix Copper Ltd (PXC) achieved a further milestone in its strategy for a staged development of the potentially world-class Empire copper mine in mining-friendly Idaho, US. The new economic model for an open pit \"starter mine\" is key to the Feasibility Study due by 2Q'20. Capital and cash operating costs have been cut by 25% and 7%, respectively, with minimal production impact. This mine will provide cashflow to explore far more extensive mineralisation in the deeper sulphide ore body and adjacent land package. While we evaluate PXC's upside in more detail, our estimated DCF valuation for the first mine is 32p/share, and 49p/share using the company's base-case assumptions. Please click on the following link for the full report:\n\nhttps://www.hardmanandco.com/research/corporate-research/first-stage-in-potential-world-class-copper-mine/\n\nIf you are interested in meeting the company, you can register your interest by clicking on the above link\n\n\n To contact us:\n\n Hardman & Co35 New Broad StreetLondonEC2M 1NH\n\n www.hardmanandco.com\n\n Follow us on Twitter @HardmanandCo\n \n \n Contact:\n\n Paul Mylchreest +44 20 7194 7622\n \n \n  \n\n [email protected] \n\n  \n\n  \n \n Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.\n\nAbout Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. \n\nHardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised an...