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 ...