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The latest announcement is out from Arizona Sonoran Copper Co. ( (TSE:ASCU) ).
Arizona Sonoran Copper Company Inc. has filed a pre-feasibility study for its Cactus Project, projecting a post-tax NPV of $2.30 billion and an IRR of 22.8%. The project is expected to produce 103,000 tonnes of copper cathode annually over the first decade, positioning it as the third largest cathode producer in the USA. With a focus on cost-effective and conventional mining methods, the project promises strong economic returns and significant benefits to the local Arizona economy, including job creation. The company anticipates making a final investment decision by Q4 2026, with first production targeted for 2029.
The most recent analyst rating on (TSE:ASCU) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Arizona Sonoran Copper Co. stock, see the TSE:ASCU Stock Forecast page.
Spark’s Take on TSE:ASCU Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASCU is a Neutral.
Arizona Sonoran Copper Co., Inc. has promising project developments and strategic investments supporting its future potential, reflected in a strong corporate events score. However, the lack of revenue, persistent losses, and negative cash flows weigh heavily on its financial performance score. Technical indicators show positive momentum, but valuation concerns remain due to ongoing losses and no dividend yield.
To see Spark’s full report on TSE:ASCU stock, click here.
More about Arizona Sonoran Copper Co.
Arizona Sonoran Copper Company Inc. operates in the mining industry, focusing on the production of copper. The company is involved in developing the Cactus Project, which aims to produce LME Grade A copper cathode through open-pit mining and heap leach SXEW processing, contributing significantly to the refined copper supply in the USA.
Average Trading Volume: 394,713
Technical Sentiment Signal: Buy
Current Market Cap: C$609.2M
See more data about ASCU stock on TipRanks’ Stock Analysis page.