Kareg Research Initiates Coverage on American CuMo Mining with a Speculative Buy Recommendation

Kareg Research has initiated coverage on American CuMo Mining Corporation (TSXV:MLY; OTC Pink:MYLCF) with a speculative buy recommendation and a target price of US$1.00 per share. The report provides a comprehensive overview of American CuMo Mining and focuses specifically on the Company’s flagship CuMo Project, a massive copper-molybdenum-silver deposit located near Boise, Idaho.

The CuMo Project is the largest un-mined open-pit molybdenum deposit in the world. The project also ranks as the largest silver, tungsten and rhenium deposit in the US, one of the five largest copper deposits in the US, and one of the top 25 silver deposits in the world.

In May 2018, American CuMo Mining released a PEA for the CuMo Project and anticipates completing a pre-feasibility study by the end of 2019.

The report highlights American CuMo’s use of modern mining techniques that will lower the  Company’s operating costs and CAPEX. The report also provides an extensive overview of molybdenum, which includes a history of the metal, a supply and demand outlook, and potential uses of the metal in modern batteries and other high-tech applications.

To view the full report, click here.

To connect with American CuMo Mining Corporation (TSXV: MLY; OTC PINK: MLYCF) to receive an Investor Kit

Source: expertanalysis.net