The Investment Doctor
Long/short equity, value, debt, base metals

Northcliff Resources' Sisson Project Makes Sense, But Will Need A Partner


In this article I'll have a closer look at Northcliff Resources (OTC:NCFFF) which aims to develop the large Sisson tungsten project in Canada's New Brunswick province. I will briefly provide a background of the project where after I will try to calculate the NPV of the project using different tungsten prices to see how well the project stands its ground using a lower tungsten price. I will also discuss the risks which are involved with an investment in Northcliff and how the initial capital expenditures will likely be financed. This will result in my investment thesis at the end of this article.

Source: company presentation

As the trading volume on the US exchanges is very limited, I'd

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