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Fundamental Research Corp. recently featured American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) and its management overhaul, and drill results from its flagship CuMo project.
Fundamental Research Corp. will also be hosting an analyst call to discuss their updated report on July 30, 2013, at 10 AM Pacific time. To participate in the call, please perform the following two steps:
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Click the following link 10 minutes before the call:
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Step #2:
Join the call:
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Please enter the conference room # 5829680, followed by the # sign
As quoted in the article:
Investment Highlights
- New management and directors along with a name change to American CuMo Mining Corporation.
- Drill results from the 2011, and 2012, drilling programs show continuation of the mineralization within the defined resource area.
- The flagship CuMo project has NI 43-101 compliant resources of 1,473.5 million tonnes grading 0.059% Mo and 0.12% Cu Indicated, and 1,172.4 million tonnes grading 0.054% Mo and 0.09% Cu Inferred. This is anincrease over the previous resources of 123% for Indicated tonnage, and 41% for Inferred tonnage.
- Baseline environmental impacts are being reassessed at the CuMo project in preparation for the release of a revised environmental assessment by the US Forest Service.
- At the end of Q3-2013 (March 31, 2013), the company had $0.70 million in cash. The company also has about $3 million (book value) in equipment and associated inventory that it intends to sell.
- Our revised fair value is $0.73 per share versus our estimate of $2.67 per share at the time of our previous report in June 2010. The valuation dropped primarily because we extended the time to take the project into production, and as the updated resource estimate showed a drop in Mo grades.
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Fundamental Research Corp. (FRC) is an independent equity research firm. They provide subscribers with the highest quality fundamental research on smaller cap companies from a value-based perspective. INN has reported on FRC coverage since 2011 and receives compensation for new subscribers referred by INN.
Click here for the American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF)Â profile