Sherwood Copper - A Stock to Watch
The Coffin brothers of Hard Rock Analyst have mentioned
Nova Uranium, Playfair, AND Sherwood Copper, as
top picks. This weekend, Mike reminded me of
Sherwood, and it's worth a look.
Go to their website at sherwoodcopper.com
This is from the site about the Minto project in the
Yukon. It is in the stage of mine preparation, and
has the financing from a PP. Also, it has high grade
copper AND silver resources for a projected eleven years of mine life:
Minto Project Summary
The Minto Project is an advanced stage copper mining project in the Whitehorse Mining Division, Yukon Territory about 240km northwest of the city of Whitehorse. Sherwood Copper Corporation, through it’s subsidiary, Minto Explorations Ltd., owns a 100% interest in the Minto project.
The Minto Project has been designed for a throughput of 591,000t of ore per year with an initial life of mine of 11 years. Approximately 38,400t of concentrate, which will contain on average 31million lbs of copper, 13,400 ozs of gold and 200,000 ozs of silver, will be produced per year for the first five years of operation.
The stock has already gone up, but the Coffins'
intermediate target price is still about a double.
Sherwood Copper last traded at $2.36 and has
about 83 million shares o/s.
I have not bought any yet, but am looking hard at it.
