We've taken a long position in NovaCopper (NCQ). At current prices, NCQ is an exceptionally timely, high-impact long. The trade should deliver a 60-240% upside with significant catalysts - the first of which will occur any day now, starting next week.
NCQ is an exploration stage mining company that owns the Ambler and Ruby Creek districts in Alaska. In our analysis, we will focus on the Ambler Project only and value the Ruby Creek Project at $0 as it has not yet been evaluated for economic feasibility.
Mining samples from the Ambler deposit show an indicated 6 billion pounds in copper equivalent under the ground. Management's inferred mineral target is 10 billion pounds. This makes NCQ a sizeable...
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