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

Lumina Copper Is Gone, Will NGEx Resources Be Next?

Introduction

Last winter, I reported on Lumina Copper (OTC:LCPRF) explaining why the company seemed to be quite valuable for any mid-tier or senior copper producer which wanted to increase its copper resources. I wasn't the only one thinking that, as First Quantum Minerals (OTCPK:FQVLF) decided to make an offer to acquire Lumina Copper. This means that right now there are only a few multi-billion pound copper deposits left in the Americas which are not owned by a more senior player in the sector. Today I'd like to review NGEx Resources (OTCPK:NGQRF) which owns two gigantic copper projects in South America.

Source: Company Presentation

As the liquidity on the US exchange is quite low, I'd ...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details