In this article I'll have a closer look at NGEX Resources (OTCPK:NGQRF), a member of the Lunding Group which owns the extremely large Los Helados copper project in Chile, the Josemaria project in Argentina and the Filo del Sol project exactly on the border of Chile and Argentina. As these three properties are within 11 miles from each other, one can easily say NGEX is a potential district play.
I'll look at the Los Helados project and Josemaria project and try to determine a potential take-out price as I don't think NGEX wants to develop the project itself. Thereafter I'll move over to the balance sheet to see if there's a short-term funding risk. This will result...
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