FULL DISCLOSURE: Selkirk Copper is a sponsor of theDeepDive.ca.
There’s a small niche in the Canadian mining sector that is rapidly growing in demand from investors amid sky high commodity prices: restart stories.
The market has a soft spot for these stories because they’re simple: permitting is typically already tackled. Much of the CapEx has already been spent on someone else’s dime. You know the mineralization worked at one time. And now the commodity is priced much higher, and the economics should work again.
A handful of examples exist in the market today. West Red Lake Gold and the Madsen Mine. Ascot Resources and the Premier Mine. 1911 Gold and the True North Mine. Canadian Copper and the Cariboo Complex.
And now, Selkirk Copper (TSXV: SCMI) and the Minto Mine.
Lets dive in.
FULL DISCLOSURE: Selkirk Copper is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Selkirk Copper. The author has been compensated to cover Selkirk Copper on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
