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Trilogy Metals Receives Buy Recommendation from Fundamental Research - Video Available on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2017) - Today's buy recommendation ...
About this update from Trilogy Metals Inc.
[{"type":"text","content":"Trilogy Metals Receives Buy Recommendation from Fundamental Research - Video Available on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - October 26, 2017) - Today's buy recommendation comes from Fundamental Research Corp. Analyst Sid Rajeev gives Trilogy Metals (NYSE: TMQ) (TSX: TMQ) a buy rating and a fair value estimate of US$1.73 per share, a premium of 84% to the US$0.94 closing price on September 29th, the day the report was issued. Trilogy Metals, formerly NovaCopper, is focused on exploring and developing the Ambler mining district, located in northwestern Alaska.InvestmentPitch Media has produced a \"video\" which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Trilogy\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_rvqe19zj/Fundamental-Research-has-Initiated-Coverage-on-Trilogy-Metals-TSX-TMQAlaska is one of safest geopolitical jurisdictions in the world, ranked number 14th out of 104 jurisdictions worldwide by the Fraser Institute. Exploration efforts have been focused on two deposits in the Ambler district — the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within the company's land package than spans approximately 143,000 hectares.The Arctic VMS deposit is one of the highest-grade copper deposits in the world. It is holding indicated resources of 36 million tonnes at 3.07% copper, 4.23% zinc, 0.73% lead, 0.63 grams per tonne gold, and 47.62 grams per tonne silver. A Preliminary Economic Assessment in 2013 indicated a post-tax Net Present Value at 8% of $537 million, at $2.90 per lb copper.The study showed robust economics even at a copper price of $2.00 per lb. The company has just completed an aggressive $10 million drill program to potentially expand the high-grade resource at Bornite. The focus of the program is to target high-grade copper mineralization north and east of the identified resources, especially by the 2013 drill holes (RC13-224, RC13-231 and RC13-220). So far, the company has identified a mineralized system over 2,500 metres long by 1,500 metres wide, with an average thickness of 100 to 200 metres. Results from the first 3 drill holes were released on September 18, 2017 showing that the system continues to expand. Results from another ...